– UK, London – Intuitive Investments Group plc (LON: IIG), a closed-end investment company currently focussed on the life sciences sector, today announces the appointment of Sir Nigel Rudd as its Independent Non-Executive Chairman of the Board of Directors subject to admission of the Company to the Specialist Fund Segment of the LSE Main Market, expected around 8 August 2023.
Concurrently, the current Non-Executive Chair, Julian Baines MBE, will step into an independent non-executive Director role.
About Sir Nigel Rudd
Sir Nigel is an experienced Chairman of listed businesses and an investor in emerging growth companies and SMEs. Over the past 25 years, he has chaired companies such as Pendragon plc, the automotive retailer; Pilkington, a manufacturer of glass and glazing systems; Alliance Boots, a global retail pharmacy; Heathrow, the UK airport; Invensys plc, an engineering firm; Business Growth Fund, an investor in growth companies; Signature Aviation plc, the aviation firm; and Meggitt plc, the aerospace and defense firm. Sir Nigel occupied a seat on the Barclays Bank Board for over 12 years, latterly as Deputy Chairman, retiring in 2008.
Sir Nigel is a Non-Executive Director of Sappi Limited, a renewable resource company. Sir Nigel is best known for his role in the 1980s at Williams plc, which he turned into a FTSE 100 Company. Williams plc remained one of the largest industrial holding companies in the UK until its demerger in 2000 into two separate entities, Chubb and Kidde.
Sir Nigel Rudd said: “I am delighted to be joining IIG as Chair and look forward to working with the team on the exciting opportunities that lie ahead.”
About Intuitive Investments Group plc
IIG is an investment company seeking to provide investors with exposure to a portfolio concentrating on fast-growing and high potential Life Sciences businesses operating predominantly in the UK, continental Europe, and the US, utilizing the Board’s experience and, in particular, that of the chairman of the Investment Committee, David Evans, to seek to generate capital growth over the long term for shareholders.
For more information: https://iigplc.com/
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