Will Wyatt named Caledonia's new chief exec

25th Jan 2010 15:17

Caledonia Investments announced that Will Wyatt will succeed Tim Ingram as chief executive of the investment trust in July.Ingram will retire at the company's next AGM on 21 July. Wyatt worked for 3 years in the Corporate Finance division of Close Brothers before he joined the Caledonia Group in 1997 and transferred to Caledonia's Head Office as an Investment Executive in 1999. He was made an Associate Director of Caledonia in 2002 and a Main Board Director in 2005. 'Will has amply demonstrated to our board the qualities we seek in our chief executive. He has delivered an outstanding and sustained investment performance from his portfolio of investee companies and his contribution on the several boards where he represents Caledonia has been very well received,' said James Loudon, Caledonia's chairman.'In the five years that Will has been on our main board we have highly valued the quality of his input. The Board is confident that, under his leadership, Caledonia will continue to deliver above average performance for its shareholders.'