In a recent filing with the Securities and Exchange Commission, Invesco CurrencyShares Swiss Franc Trust (NYSE Arca:FXF) announced a change to its board of managers. The trust, which operates under the sponsorship of Invesco Specialized Products, LLC, reported that Mr. John Zerr will retire from his positions at Invesco Ltd. and its affiliates, effective January 1, 2025. In anticipation of his retirement, Mr. Zerr will step down from the board of the sponsor sooner than his retirement date.
Following Zerr's decision to step down, the sole member of the sponsor appointed Ms. Melanie Ringold as his replacement on the board, effective July 31, 2024. Ms. Ringold, 48, has been serving as a board member since July 2024. Her experience includes her current role as Head of Legal for the Americas at Invesco Ltd., where she has been responsible for legal support across Invesco’s Americas operations since January 2023. Prior to this, she served as Assistant General Counsel from March 2011 until January 2023, where her responsibilities included overseeing legal support for the investments organization and co-chairing the firm’s US Regulatory Change Committee.
Ms. Ringold brings a wealth of experience to the board, having earned a JD (NASDAQ:JD) from the University of Houston Law Center and a BA degree in political science from the University of Michigan.
This announcement comes as part of the trust's ongoing governance and oversight arrangements, ensuring that the board remains equipped with the necessary expertise to oversee its operations. The information regarding these changes is based on the trust's latest SEC filing.
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