The Board of Woodford Patient Capital Trust plc announced the appointment of Stephen Cohen as an independent non-executive director with immediate effect. Stephen will also become Chair of Audit, Risk and Valuation Committee. Stephen joins the Board with extensive asset management and fund experience. He spent the bulk of his career at Mercury Asset Management where he led both investment teams and business units. The Board also announced that Carolan Dobson has stated her intention to step down as a non-executive director with immediate effect. Carolan joined the Board in July 2016. The Board is actively engaged in identifying a replacement for Carolan Dobson and, in addition, is also seeking to appoint a further independent non-executive director.