JPMorgan Smaller Companies Investment Trust plc announced that Andrew Impey will take over from me as Chairman of the Company following Michael Quicke retirement at the AGM in November 2019. This internal appointment will provide continuity for both the Board and the Company in the future. Looking further ahead, the Board's next priority is to appoint a successor to the Audit Committee Chairman, Andrew Robson, who will retire from the Board at the AGM in 2020. The Board will commence the search for a suitable candidate this year.