– UK, London – Melrose Industries is pleased to announce the appointment of David Lis to its Board as an independent non-executive Director with effect from 12 May 2016.
David Lis began his career as an investment analyst at NatWest, following which he became a fund manager at J Rothschild Investment Management and Morgan Grenfell. David founded Windsor Investment Management, serving as managing director until its acquisition by RBS fund management arm, Capital House. David joined Norwich Union Investment Management in 1997, before becoming Head of Equities in 2012 and latterly Chief Investment Officer, Equities and Multi Assets, before his retirement in March 2016. David continues to work with Aviva Investors in a consultative capacity.
David is also a director of The Investor Forum, a body launched in 2014 with the backing of the National Association of Pension Funds, the Association of British Insurers and the Investment Association, which aims to promote the value of long-term investment by facilitating better engagement between UK public companies and their shareholders.
Additionally, the Company announces that Perry Crosthwaite will step down as a non-executive Director with effect from the close of the annual general meeting of the Company to be held on 11 May 2016. Perry has been a non-executive Director of Melrose since 2005.
Christopher Miller, Chairman of the Company, said, “Perry’s advice and extensive financial experience have been invaluable to Melrose; we wish him every success in the future.
We are delighted to welcome David to the Board and are confident that his long-standing experience addressing investors’ needs will be of significant benefit to Melrose as we begin the next chapter of our business. We look forward to an excellent contribution from David over the coming years.”
Perry Crosthwaite will be replaced as the Senior non-executive Director by John Grant, who will continue to Chair the Audit Committee.
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