The Biotech Growth Trust PLC that it's chairman will be retiring from the Board at the conclusion of this year’s Annual General Meeting having been a Director since 1998 and Chairman since 2012. Andrew Joy is to succeed him as Chairman. Professor Dame Kay Davies will succeed Andrew as the Senior Independent Director and Chairman of the Remuneration Committee. Peter Keen has confirmed his intention to retire from the Board at the conclusion of the Annual General Meeting to be held in 2017. The Board has begun the process of recruiting a new Director to replace Peter and an announcement will be made in due course.