Lindsell Train Investment Trust PLC - provides access to investments of fund manager Lindsell Train Ltd, founded by Michael Lindsell and Nick Train - Picks Director Roger Lambert to replace Julian Cazalet as chair from January 1. Lambert was a non-executive director of Young & Co.’s Brewery PLC where he was senior independent director. Cazalet had announced earlier this year he was stepping down as chair after eight years with the company. ‘The board would like to express its appreciation for Julian’s contributions over his eight years as chairman. The company has greatly benefited from his leadership, experience and great knowledge of the sector,’ the trust says.

Current stock price: 864.00 pence, down 0.1%

12-month change: down 18%

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