Business
Board Changes
ICG plc announced board changes, appointing Jonathon Bond as an Independent Non-Executive Director effective April 1, 2026, who will also join the Remuneration Committee and brings extensive experience from Grosvenor and the alternative investment industry. Concurrently, Stephen Welton and Rosemary Leith will retire from the Board on July 15, 2026, at the Annual General Meeting, with Welton departing after nine years of service to comply with governance codes and Leith after six years due to other commitments. Sonia Baxendale, who joined the Board in January 2025, will succeed Leith as Chair of the Risk Committee. Disclaimer*
About this update from Icg Plc
[{"type":"text","content":"\n\n \n \n\n Board Changes\n\n10 March 2026 ICG plc (“ICG” or the “Company”) Board Changes The Board of ICG announces that Jonathon Bond has been appointed as an Independent Non-Executive Director of the Company. He will join the Board on 1 April 2026 and will also serve as a member of the Remuneration Committee. Further, as part of ongoing succession planning in respect of Board membership, Stephen Welton and Rosemary Leith will retire from the Board of the Company with effect from the Annual General Meeting to be held on 15 July 2026. Appointment of Jonathon Bond Jonathon Bond was Chief Investment Officer at Grosvenor from 2021 to 2025, where he was responsible for the capital invested in Grosvenor’s commercial and investment activities and for its performance. Since late 2025, he has been Executive Chairman of Grosvenor's Financial Investment Committee. He has previously held several non-executive director positions, including as Senior Independent Director at Jupiter Fund Management plc and Non-Executive Director at Scottish Widows, Standard Life Private Equity Trust plc and Camellia plc. Jonathon spent over twenty-five years in the alternative investment industry in the UK, Europe and Asia. Jonathon was a founding Partner of Actis LLP, the growth market investor in sustainable infrastructure and private equity. Earlier in his career, he worked as a founding Director of HSBC Private Equity in India and held senior positions at Electra Private Equity Partners and Bain & Company. He was also Executive Chairman of Scandinavian family office Skagen Group from 2013 to 2019 . Retirement of Stephen Welton and Rosemary Leith As part of the ongoing succession planning in respect of the Company’s Non-Executive Directors, Stephen Welton and Rosemary Leith will retire from the Board of the Company with effect from the Annual General Meeting to be held on 15 July 2026. Stephen will retire in his ninth year of service in order to comply with the Corporate Governance Code, while Rosemary will retire in her sixth year of service due to the time requirements of a range of other commitments. Sonia Baxendale, who joined the Board of the Company in January 2025, will become Chair of the Risk Committee in succession to Rosemary Leith. William Rucker, Chair of ICG, said: “We are delighted to welcome Jonathon to the Board. His significant glob...