The Board of The North American Income Trust announced the appointment of Lady Susan Rice as an independent non-executive Director of the company with effect from March 17, 2015. Susan Rice is currently the President of the Scottish Council of Development and Industry, the Chair of Scotland's new Fiscal Commission, Vice-Chair of Scotland's 2020 Climate Change Group and a non-executive director of J Sainsbury's and Big Society Capital. Her previous roles include managing director of Lloyds Banking Group Scotland, chairman and chief executive of Lloyds TSB Scotland and a non-executive director of the Bank of England and SSE plc.