Capital Gearing Trust p.l.c announced that Graham Meek agreed to stay on the board during the initial stages of the Covid pandemic to give an element of continuity but will step down from the Board with effect from 12 November 2020. The board appointed Paul Yates as a non-executive director in December 2019, shortly before George Prescott stood down from the Board. The Board roles were addressed accordingly on a small, but highly engaged Board. The board expect to appoint someone in the new year. This will take the independent Board complement to four, with Alastair Laing, CEO of Manager, being a non-independent member of the Board.