European Assets Trust PLC announced that as part of an orderly succession process, Professor Robert van der Meer will retire from the Board following the conclusion of the company's forthcoming Annual General Meeting. Robert has served on the Board of this Company and its predecessor, EAT NV, since 27 April 2007. He worked as Deputy Chairman and Chairman of the Audit and Risk Committee. Upon the retirement of Robert, and following a period of valuable overlap, the company confirms that Stuart Paterson will be appointed as Chairman of the Audit and Risk Committee.