30th Sep 2024 14:07
(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Friday and Monday and not separately reported by Alliance News:
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Bank of Ireland Group PLC - Dublin-based lender - Promotes Akshaya Bhargava to chair & governor, starting January 1. Bhargava has been on the board since this past January. He is the former chief executive officer of Global Wealth & Investment Management at Barclays PLC. Bhargava replaces Patrick Kennedy, who has been on the board since 2010 and chair & governor since 2018.
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Smith & Nephew PLC - Watford, England-based medical technology - Names Angie Risley as senior independent director from Tuesday. Risley succeeds Marc Owen, who remains on the board.
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Celadon Pharmaceuticals PLC - London-based developer of cannabis-based medicines - Chief Financial Officer Jonathan Turner will leave Celadon on December 27. Celadon says it will start the search for a successor.
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Investment Evolution Credit PLC - London-based provider of online consumer loans under the 'Mr Amazing Loans' brand in the US looking to expand in UK - Paul Mathieson steps down as chair & CEO, effective from Monday. Non-Executive Director Neil Patrick replaces him as chair, and Marc Howells has joined the company as CEO. Howells previously was CEO of former AQSE listing Goodbody Health and also worked at Barclaycard. Gareth Hawkins departs immediately as non-executive director. Back in July, Investment Evolution Credit hired Bob Mennie as a non-board CFO. The company also calls a general meeting of shareholders for October 18 to enable future equity raises of up to GBP2.5 million.
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Rome Resources PLC - Democratic Republic of Congo-focused tin explorer - Names Klaus Eckhof as non-executive chair. Eckhof is a "significant shareholder" in Rome Resources and was part of the team that discovered the Bisie North tin project, where Rome Resources is currently drilling. He replaces Executive Chair Mark Gasson, who will move to chief operating officer.
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Pressure Technologies PLC - CFO Steve Hammell will leave the company on October 31. The departure by "mutual agreement" follows the sale announced on Friday of Pressure Technologies division PT Precision Machined Components Ltd to India's Raghu Vamsi Machine Tools Private Ltd for an initial enterprise value of GBP6.2 million. This could rise to GBP7.7 million, based on future performance of the division. Hammell's departure is due to the reduced "scale and complexity" of operations following the sale of PMC. "The board is currently undertaking a review of its finance capability and resources to determine the appropriate and most cost effective structure moving forward," Pressure Technologies says. The company will have a net cash balance of GBP2.3 million following receipt of the initial cash from the sale and repayment of debt.
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Goldplat PLC - gold recovery operations in South Africa and Ghana - Non-Executive Chair Gerard Kemp and Non-Executive Director Sango Ntsaluba step down on Friday, and board member Gerard Kisbey-Green takes over as acting chair. Ntsaluba will remain involved with Goldplat through his company's shareholding in South African subsidiary Goldplat Recovery (Pty) Ltd and as chair of that subsidiary.
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By Tom Waite, Alliance News editor
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