LONDON - Capital Gearing Trust P.l.c. has announced a change in leadership, with Karl Sternberg set to succeed Jean Matterson as Chairman following her retirement at the company’s Annual General Meeting scheduled for July 3, 2025. The decision was made following a recommendation from the Nomination Committee.
Sternberg, who joined the Board in September 2024, brings a wealth of experience to his new role, having been a founding partner of Oxford Investment Partners and holding various positions at Morgan Grenfell/Deutsche Asset Management, including Chief Investment Officer for several regions.
Throughout his career, Sternberg has focused on investment management and the investment trust sector, serving as a Non-Executive Director on numerous boards. He is currently the Chairman of The Monks Investment Trust (LON:MNKS) plc, Clipstone Industrial REIT plc, and Apax (HN:IBC) Global Alpha Limited, and a Non-Executive Director of Howard de Walden Estates. Sternberg will retire from his chairman role at The Monks Investment Trust plc in September 2025.
Senior Independent Director Wendy Colquhoun expressed the Board’s satisfaction with Sternberg’s appointment and gratitude towards Matterson for her leadership and dedication. She will continue her responsibilities until the transition in July.
This leadership change comes as part of the planned succession strategy for Capital Gearing Trust P.l.c. The information regarding the upcoming chairman succession is based on a press release statement.
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