Last checked at 3 May 2023 07:00
Scottish Mortgage Investment Trust PLC ("SMT")
Legal Entity Identifier: 213800G37DCS3Q9IJM38
Board Update
The Board of Scottish Mortgage Investment Trust ("SMT" or "Scottish Mortgage" or the "Company") is pleased to announce the appointment of Sharon Flood and Vikram Kumaraswamy as independent Non-executive Directors of the Company, with effect from 17 May 2023.
Sharon Flood is a Non-Executive Director of Getlink SE, where she is Chair of Safety and Security, and Pets at Home PLC, where she is Chair of the Remuneration Committee and formerly Chair of the Audit Committee. Sharon previously served as Chair of Seraphine Group PLC and S T DuPont SA, and as a Non-executive Director and Chair of the Audit Committees at Crest Nicolson PLC and Network Rail. A Fellow of the Chartered Institute of Management Accountants, Sharon has also held leadership roles at Sun European Partners and the John Lewis Partnership. She is currently a Trustee of the University of Cambridge and Trustee and formerly Chair of Finance at the Science Museum Group and Chair of Audit at Shelter. On appointment, Sharon will join the Audit Committee and Nomination Committee.
Vikram Kumaraswamy is the Head of Strategy and Corporate Development at Unilever. He leads portfolio development and capital allocation for the group, with responsibility for strategy, M&A sourcing and execution, competitor intelligence and corporate venturing. A chartered accountant, Vikram was responsible for significant changes to Unilever's portfolio, positioning the company for superior long-term growth and involved in other strategic transformation initiatives. Vikram was previously CFO of PT Unilever Indonesia Tbk, based in Jakarta. On appointment, Vikram will join the Audit Committee and Nomination Committee.
The appointments of Sharon Flood and Vikram Kumaraswamy are subject to shareholder approval at the Annual General Meeting of the Company to be held on 27 June 2023.
The Chair of Scottish Mortgage, Ms Fiona McBain, said: "On behalf of the Board, I am delighted to welcome Sharon and Vikram to Scottish Mortgage. Sharon is a seasoned non-executive director having served on the boards of several high-profile companies, and Vikram brings great international perspective and insight to the Board. They both have extensive experience relevant to the Trust's portfolio and will undoubtedly make valuable contributions to the Company."
As at 2 May 2023, Sharon Flood held 3,118 shares in Scottish Mortgage Investment Trust PLC (and had a non-beneficial interest in 948 shares).
There is no other information required to be disclosed under Listing Rule 9.6.13.
Enquiries:
Nick Cosgrove / Eilis Murphy
Brunswick Group
020 7404 5959
scottishmortgage@brunswickgroup.com
Baillie Gifford & Co Limited
Managers and Secretaries
2 May 2023
Regulated Information Classification: Additional regulated information required to be disclosed under the laws of a Member State.