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Director Appointments

Templeton EM chairman retires

20 November 2015 15:42

Templeton Emerging Markets Investment Trust chairman and director Peter Smith has retired with effect from today.

The board has elected Paul Manduca, who was appointed as a non-executive director on 1 August, as the new chairman. He is an independent director.

Smith said: "In June this year, I announced my intention to step down from the Board after serving 11 years, eight of which were as Chairman. On 1st August 2015, Paul Manduca joined the Board as a non-executive Director and I am delighted to report that he will take over as Chairman when I retire on 20th November 2015. Paul brings to the Board a wealth of relevant experience, having had a long and successful career in asset management, both as a Fund Manager and a Chief Executive of fund management groups, including Threadneedle Asset Management, Rothschild Asset Management and Deutsche Asset Management Europe. Paul is currently the Chairman of Prudential plc, one of the world's leading emerging markets focused financial services groups."

At 3:42pm: (LON:TEM) Templeton Emerging Markets Investment Trust Plc share price was +6.25p at 427.25p

Story provided by StockMarketWire.com

Related Company: TEM

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