Investor Forum names Ex-M&G CEO McLintock as Chairman
Michael McLintock is also Chairman of Associated British Foods, which owns Primark
LONDON, England -- April 29, 2021 (PRESS RELEASE) -- Michael McLintock has been appointed as a Non-Executive Director from 1st May 2021 and will take over as Chairman from Simon Fraser in October 2021.
Michael has had a distinguished career in asset management, having served as Chief Executive of M&G for 19 years (1997-2016), and brings considerable experience in investor engagement and long-term stewardship to the Investor Forum.
He is currently Chairman of Associated British Foods plc, and Chairman of Grosvenor Group. He will replace Simon Fraser who, along with Andy Griffiths, Executive Director, founded the Investor Forum in 2014 following Professor John Kay's review of UK Equity Markets and long-term decision making.
During Simon's tenure, over 50 asset managers and asset owners have become members of the Investor Forum, which together represent around 33% of the FTSE All Share market capitalisation. It has been involved in over 40 major collective engagements with UK companies, and has expanded its activities to include work on a widening range of Environmental, Social and Governance issues.
Simon Fraser said, "It has been an honour to help build the Investor Forum's unique platform. Over the past seven years, we have seen tremendous growth in stewardship and engagement which are now seen as critical responsibilities for investors. I have no doubt that Michael's wide-ranging experience will help guide the Investor Forum in delivering further impact."
Andy Griffiths, Executive Director of the Investor Forum said, "Under Simon's inspirational leadership the Investor Forum has created an important track record of successful collective engagement, and we will very much miss his wise counsel. We are delighted that Michael has agreed to chair the Board and look forward to working with him to deliver tangible benefits from collective engagement for shareholders".
Michael McLintock said, "I look forward to working with Andy and his team in building on
the excellent progress the IF has made under Simon's chairmanship".