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Albion Enterprise VCT announces board appointments

Published 20/12/2024, 03:04 am

LONDON - Albion Enterprise VCT PLC has appointed two new non-executive directors, Ben Larkin and Lord O’Shaughnessy, effective today. These appointments come as a result of the merger with Albion Development VCT PLC, which has been placed into members’ voluntary liquidation earlier today.

Ben Larkin, a partner at the international law firm Jones Day, brings extensive experience in private equity and structured finance. He has been advising boards on corporate governance and has expertise in infrastructure and real estate sectors. Larkin, who was previously Chairman of Albion Development VCT PLC, will now serve as Chairman of Albion Enterprise VCT and the Nomination Committee.

Lord O’Shaughnessy, a life peer since 2015, has a background in government, having served as a Parliamentary Under Secretary in the Department for Health & Social Care. His responsibilities included life sciences, medicines pricing and regulation, and health and social care sector preparations for Brexit. Additionally, he has experience with data, digital technology, and cybersecurity. Lord O’Shaughnessy was also a non-executive director on the board of Albion Development VCT PLC prior to the merger.

Both directors will serve on the Company's Audit & Risk, Remuneration, and Nomination Committees. The Board has expressed its enthusiasm for working with the new directors and has recognized their potential contributions to the Company.

In a related move, Patrick Reeve has retired from the Board as of today. The Board has extended its gratitude to Reeve for his service and contributions during his tenure.

The Company has confirmed that there are no additional disclosures required for the appointments of Larkin and Lord O’Shaughnessy in accordance with UK Listing Rules.

This announcement is based on a press release statement from Albion Enterprise VCT PLC.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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