– JERSEY, St. Helier – Marwyn Value Investors Limited (LON: VMI) today announced the appointments of Victoria Webster and Peter Rioda to its Board as Independent Non-Executive Directors effective immediately.
Victoria Webster and Peter Rioda have been appointed to the Audit, Nomination and Remuneration Committees, with Victoria appointed as chair of the Audit Committee. All committees now comprise a majority of independent non-executive Directors.
The company also announced the resignations of Ronald Hobbs (Independent Non-Executive Director) and Louisa Bonney (Non-Executive Director) with immediate effect, while Martin Adams has been appointed Senior Independent Director.
These changes are part of a review of the Board composition.
Robert Ware, Board Chairman said: “I would like to thank Ronald and Louisa for their valuable services to the Company over the years and, at the same time, welcome Victoria and Peter to the Board.
These changes in Directors result in a majority of the Board now being independent; Martin Adams being appointed Senior Independent Director and Victoria being appointed as chair of the Company’s Audit Committee. The Company will benefit from enhanced oversight of the structure and activities through Peter’s membership of the Board of the general partner of Marwyn Value Investors II L.P. through which key underlying investments are held.”
About Victoria Webster
Victoria is a member of the Institute of Chartered Accountants in England and Wales having qualified with PricewaterhouseCoopers. She has worked in Guernsey, London and New York, specialising particularly in the audit of alternative investment funds. Victoria is a director of an independent chartered accountancy practice, Cleland & Co., which specialises in owner-managed companies and regulated entities across all sectors. She is a permanent resident of Guernsey.
About Peter Rioda
Peter is a qualified chartered accountant and independent non-executive director with over 25 years of industry experience who specialises in the establishment and management of alternative investment funds. He successfully established and developed Sanne Group’s fund administration business between 2006 and 2016 exiting following its IPO in 2015. He has strong investment, risk management, governance and compliance skills acquired through directorships on a wide range of regulated and unregulated fund structures. He is regulated by the Jersey Financial Services Commission to act as a director. Peter is a leading figure in the Jersey funds industry and committee member of the Jersey Funds Association.
Peter is the independent non-executive chairman of Marwyn General Partner II Limited (the general partner of Marwyn Value Investors II L.P.).
For more information: http://www.marwynvalue.com
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