BMO Private Equity Trust Plc announced that Mark Tennant will retire as Chairman at the completion of the company's 2022 Annual General Meeting. Mark Tennant joined the Board in February 2009 and was appointed Chairman in May 2010. He has provided the Company with strong leadership and wise counsel throughout his tenure.

Upon the retirement of Mark Tennant, Richard Gray will be appointed Chairman. Richard Gray, who joined the Board in March 2017, is a career investment banker with extensive capital markets and corporate finance experience.