Albion Enterprise VCT Welcomes New Board Members for Growth

Albion Enterprise VCT Enhances Leadership Team

Albion Enterprise VCT PLC is excited to announce the addition of two distinguished non-executive directors to its board. Effective immediately, these appointments reflect the company's ongoing commitment to strengthen its governance and strategic direction.

Introducing the New Directors

Ben Larkin, a partner at the esteemed international law firm Jones Day, joins the board with a wealth of experience in private equity and structured finance. His extensive background includes advising boards on matters of corporate governance, with a strong focus on the infrastructure and real estate sectors. Previously serving as Chairman of Albion Development VCT PLC, he now takes on the role of Chairman of Albion Enterprise VCT and the Nomination Committee, where his leadership is anticipated to guide the company towards its ambitious goals.

Ben Larkin's Background

Larkin's legal insight and experience in advising corporate entities will be instrumental for Albion Enterprise VCT as it navigates the complexities of the investment landscape. His proven track record in the sector underlines his capability and readiness to tackle the challenges ahead.

Welcoming Lord O’Shaughnessy

Joining Larkin is Lord O’Shaughnessy, who has a notable history in government, having held the position of Parliamentary Under Secretary in the Department for Health & Social Care. Appointed as a life peer in 2015, he brings invaluable expertise in life sciences, medicines pricing, and regulation, along with experience in digital technology and cybersecurity. His prior involvement as a non-executive director on the board of Albion Development VCT PLC positions him well to contribute effectively to Albion Enterprise VCT's mission.

Lord O’Shaughnessy’s Contributions

Lord O’Shaughnessy’s role in navigating the challenges posed by Brexit and his understanding of the health and social care sectors showcase his strategic insights, which will enrich the board's discussions and decision-making processes moving forward.

Committees and Responsibilities

Both directors will actively participate in the Audit & Risk, Remuneration, and Nomination Committees, showcasing their diverse skill sets and trade knowledge. The Board has conveyed strong enthusiasm for these new appointments, recognizing their wealth of experience and the valuable perspectives they will bring.

A Note on Changes to the Board

On the same day, Patrick Reeve announced his retirement from the Board. The company extends its heartfelt gratitude to Reeve for his invaluable contributions during his tenure, reflecting on his dedication and commitment to the organization.

Looking Ahead

As Albion Enterprise VCT PLC positions itself for future success, it is poised to leverage the talents and insights of its new directors. The appointments not only mark a strategic shift following the recent merger with Albion Development VCT PLC but also align with the company's vision of sustainable growth and responsible investment. There are currently no additional disclosures required for these appointments in accordance with UK Listing Rules.

Frequently Asked Questions

What is the significance of the new board appointments at Albion Enterprise VCT?

The new appointments aim to enhance governance and strategic direction following a recent merger, ensuring the company is positioned for future growth.

Who are the newly appointed directors of Albion Enterprise VCT?

Ben Larkin and Lord O’Shaughnessy have been appointed as non-executive directors, bringing extensive experience in finance, law, and government.

What roles will the new directors undertake?

Both directors will serve on the Audit & Risk, Remuneration, and Nomination Committees, contributing their expertise to strategic discussions.

What changes occurred regarding existing board members?

Patrick Reeve has retired from the Board, and the company expressed gratitude for his contributions during his tenure.

Will any additional disclosures be required regarding the new appointments?

No additional disclosures are required in accordance with UK Listing Rules for the appointments of Larkin and Lord O’Shaughnessy.

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