LONDON, Nov 27 (Reuters) - Karin Forseke, chairwoman ofembattled investment firm Alliance Trust, said onFriday she was stepping down from her role on January 1, as thecompany implements a major overhaul following pressure fromactivist investor Elliott Advisors.
It follows an announcement in October that the Trust wouldimplement "significant changes" to deliver better performance.
"We are making good progress implementing changes announcedin October to accelerate our long-term strategy and we expectthe new governance structure to be in place in early 2016,"Forseke said in a statement.
Katherine Garrett-Cox, chief executive of the trust, and oneof the City of London's most high profile female CEOs, said lastmonth she was resigning her position on the trust's board tofocus on tackling the firm's underperformance, in the aftermathof the bitter spat with its top shareholder Elliott.
(Reporting by Huw Jones, editing by Sinead Cruise)
