Caledonia Investments PLC - London-based investment trust - Hires Rob Memmott as chief financial officer with effect from September 1. Current CFO Tim Livett announced retirement in November, but will stay at Caledonia until October 31 "to enable a smooth handover". Memmott was previosuly CFO of John Laing Group PLC, Arrow Global Group PLC and Servisair Globeground. He currently serves as treasurer and pro-chancellor at the University of Sheffield.

Memmott says: "I am excited to be joining Caledonia, a company with a fantastic heritage built on a proven approach of investing in high-quality assets to create long-term value. I look forward to working with [Chief Executive Officer Mat Masters] and the team as we look to the opportunities ahead."

Current stock price: 3,557.00 pence, 0.9% higher in London on Tuesday

12-month change: down 3.4%

By Emma Curzon, Alliance News reporter

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