(Alliance News) - Acorn Income Fund PLC said Friday Chair Helen Green retired to be replaced by Nigel Ward, whilst former Barclays PLC executive Sharon Parr joined the investment firm as a non-executive director.
Meanwhile, the firm also boosted its third interim dividend.
In April, Green announced her intention to resign as chair after having served on the Acorn board since 2007. She stepped down from the firm on Friday, to be replaced as chair by Nigel Ward.
In addition, Acorn hired Sharon Parr as a new non-executive director at the firm.
Parr - a chartered accountant - previously worked as a managing director at FTSE 100-listed lender Barclays after it acquired fund administrator Walbrook in 2007. Parr had led a private equity backed management buyout of Walbrook from accountancy firm Deloitte & Touche in 2003.
In a separate announcement, Acorn proposed a 5.2 pence per share third interim dividend. This was up 5.1% from the 4.95p per share payout distributed the year prior.
Shares in Acorn were 2.1% lower at 327.50 pence in London on Friday.