The Scottish American Investment Company P.L.C. (SAIN) announced that Peter Moon has notified the Board of his intention to step down as Chairman of SAINTS, and from the Board, at the conclusion of the Company's Annual General Meeting in April 2022. The company also announces that the Board has chosen Lord Macpherson of Earl's Court, GCB to become Chairman when Mr. Moon retires. Lord Macpherson joined the Board in 2016 and was appointed Senior Independent Director in 2019. He is currently chairman of C Hoare and Co, a Director of British Land plc, a member of the Advisory Council of Arcus Infrastructure Partners and a visiting Professor at King's College, London. Lord Macpherson was Permanent Secretary to the Treasury from 2005 to 2016.