Chelverton Growth Trust PLC announced that Mr. George Stevens, Chairman and non-executive director, has retired from the board following the company's Annual General Meeting held on 19th December 2013. Mr. Kevin Allen a non-executive director has assumed the role of Chairman with immediate effect. The company announced that Mr. Ian Martin, has joined the board as a non-executive director with immediate effect, and has assumed the role of chairman of the company's audit committee.

Mr. Martin was the former chief executive of Avesco plc until June 2012.