North Atlantic Smaller Companies Investment Trust PLC announced that Kristian Siem decided not to offer himself for re-election at the Annual General Meeting and so left the Board on 26 June 2018. The directors appointed Sir Charles Wake as a Non-Executive Director of the company with effect from June 27, 2018. Sir Charles Wake started as a management trainee with Whitbread's in 1972 and left in 1980. Since then he has been a director of various companies including sheet metal engineers, motor retailers, off-licences, pubs, bonded warehouses, farming and healthcare. He was chairman of St Andrew's Healthcare from 2004-2014 having been on the board since 1991.