Euromoney Institutional Investor PLC that the Board has appointed Tim Pennington as an additional independent non-executive Director of the Company. Mr. Pennington will join the Board on 1 September 2019 and will join the Audit & Risk Committee as an additional committee member from that date. Further to the announcement of 26 March, it is confirmed that Jan Babiak will step down as a member of the Audit & Risk Committee on a date to be determined following the approval of the 2019 financial statements. Ms. Babiak agreed to serve as a committee member on an interim basis in light of her other business commitments. Tim Pennington is currently Chief Financial Officer of Millicom International Cellular, a significant international telecommunications company listed on the Nasdaq stock exchanges in both New York and Stockholm. Tim was previously Group Finance Director and a director of FTSE 100 groups Cable & Wireless plc and, following its demerger from that company, Cable & Wireless Communications plc.