David Young to succeed Egmont Kock as Chairman of the MicroLoan Foundation

The Board of Trustees of the MicroLoan Foundation has today announced the following changes.

Having concluded three years as MicroLoan’s Chairman, Egmont (“Eggie”) Kock has decided that he will not serve a second term. The Board of MLF have confirmed that David Young, an MLF trustee for the last two years, will succeed him. His succession to the role of Chairman will allow for an orderly transition of responsibilities.

Commenting on his departure Eggie paid tribute to the charity:

“MicroLoan offers a compelling solution to alleviating poverty in Africa. I remain a great supporter of the charity’s vision but unfortunately can no longer commit sufficient time to the Chairman’s role. The charity faces many opportunities and challenges as it strives to build on the progress it has made. My successor, David Young, is well equipped to guide the Board through the next stage in the charities development. I wish him, the trustees and all staff the very best”.

David Young is an experienced business leader and has held senior international management positions with US and UK corporations.

Previously he was Global President of Duracell Batteries and Chief Executive of an international food business.  He is currently non-executive director of a medical company.

Commenting on his appointment David said:

“I am delighted to succeed Eggie as we build on the momentum and focus that the charity now has. On behalf of the Board I would like to thank Eggie for the significant contribution he has made to the charity over the last 3 years”.