4 Jan 2022 09:37
JPMORGAN RUSSIAN SECURITIES PLC
(the 'Company')
Board Succession
Legal Entity Identifier: 549300C0UCY8X2QXW762
Information disclosed in accordance with Listing Rule 9.6.11
The Board of JPMorgan Russian Securities plc (the "Company") is pleased to announce the appointment of Dan Burgess as an independent Non-executive Director of the Company with effect from 4th January 2022. The appointment was made after a thorough selection process undertaken with the assistance of a third party independent search consultancy.
Dan Burgess is a former Chartered Accountant and was a partner at KPMG. He is currently Non-executive Director of TR European Growth Trust plc.
Dan Burgess does not currently hold any shares in the Company. No further information is to be disclosed in respect of paragraphs 9.6.13 (2) - (6) of the Financial Conduct Authority's Listing Rules for Dan Burgess.
In line with the Company's Board Succession plan, Gill Nott will not be standing for re-election at the Company's Annual General Meeting on 4th March 2022 and Eric Sanderson will replace Gill Nott as the Company's Chairman of the Board of Directors immediately following the AGM. Also, at the same time, Dan Burgess will take over the role of Audit Committee Chairman from Eric Sanderson.
Commenting on the above events, Gill Nott, the Company's Chairman, said:
"Dan Burgess will make an excellent addition to the Board and capable Chairman of the Audit Committee. He was a long serving and well regarded former KPMG partner with experience of living and working in Russia and has a good understanding of investment trust companies.
I am delighted that, following the end of my tenure as a Director of the Company since 2011 and its Chairman since 2015, the Board have unanimously agreed that Eric Sanderson will take over from me as Chairman of the Board immediately following the 2022 AGM. I am confident that his background in financial services and extensive Board experience will be of great value to JPMorgan Russian Securities plc."
JPMorgan Funds Limited
Company Secretary
4th January 2022
For further information, please contact:
Paul Winship
JPMorgan Funds Limited
020 7742 4000