John Laing Infrastructure Fund announces current Deputy Chairman David MacLellan as next Chairman of the Board

– UK, London – John Laing Infrastructure Fund (LSE:JLIF), announces that Paul Lester, Chairman of JLIF, is to step down from the board with effect from 30 September this year. David MacLellan, currently Deputy Chairman, will become Chairman from 30 September.

Paul has been Chairman of JLIF since its launch in 2010. His departure is part of the phased succession programme to replace the five directors who have been on the board of JLIF since its launch, as previously announced by JLIF on 19 May 2017.

David MacLellan said: “Paul has successfully chaired the board since JLIF’s launch, during which time JLIF has produced total shareholder returns of 10 per cent per annum on its IPO price. The rest of the board and I thank Paul for his contribution over the last seven years.”

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