9th Jul 2025 13:50
(Alliance News) - The following is a round-up of London-listed company director and manager changes announced this week and not separately reported by Alliance News:
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BP PLC - London-based oil major - Hires Simon Henry as non-executive director, starting September 1. Henry spent 35 years with energy peer Shell PLC, including as chief financial officer from 2009 to 2017. He currently is a non-executive director of miner Rio Tinto PLC but will leave the Rio board in the second half of 2025. He also on Monday stepped down as a director of Harbour Energy PLC.
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Futura Medical PLC - Guildford, Surrey-based sexual health products, including erectile dysfunction treatment Eroxon - Chair Jeff Needham and Chief Executive Officer James Barder agree to leave immediately, as Futura says its largest shareholder wants "fresh leadership". The company's largest shareholder according to its 2024 annual report is Lombard Odier Asset Management (Europe) Ltd at 28%. Futura names Alex Duggan as interim CEO, having most recently been chief commercial & corporate development officer of Alliance Pharmaceuticals, a former AIM listing in London. Duggan is expected to join Futura in early August and will get a handover from Finance Director & Chief Operating Officer Angela Hildreth. Futura doesn't say how the chair will be replaced. Senior Independent Non-Executive Director Andrew Unitt says: "I would...like to thank both Jeff and James for their significant efforts in enabling Eroxon to now be available over the counter in 25 countries across the world. The board recognises this is a significant achievement." Barder comments: "Building the group to what it is today has been a long challenging journey...We have successfully commercialised Eroxon in multiple territories, signed significant partnerships to take the product to market and delivered the group's first revenues and profit. I leave the business with my best wishes."
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ITM Power PLC - Sheffield-based designer and manufacturer of electrolyser systems for green hydrogen production - Hires Warren East and John Howarth as non-executive directors, starting after the annual general meeting on October 8. East was CEO of jet engine and power turbine maker Rolls-Royce Holdings PLC from 2015 to 2022, prior to which he was CEO of semiconductor designer ARM Holdings PLC. Howarth is a partner at accountancy firm S&W LLP, where he is the lead engagement partner for ITM Power. Howarth will step down from this role follow the audit of ITM Power's 2025 results.
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Tracsis PLC - Leeds, England-based transport technology provider - Hires David Frost to be CEO, joining the company on Wednesday and the board on August 1. Frost replaces Chris Barnes, who will step down on July 31 after six years in post. Frost most recently was CEO of Ovarro Ltd, a provider of 'internet of things' technology for the monitoring and control of remote infrastructure assets. Tracsis also confirms it is on track to meet its previous guidance of adjusted earnings before interest, tax, depreciation and amortisation between GBP12.5 million and GBP13.5 million in the financial year that ends on July 31. This would be flat to slightly up on GBP12.8 million in financial 2024.
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Ascent Resources PLC - oil and gas exploration and production with principle assets in Slovenia and the US - Hires David Patterson as CEO, starting Wednesday. Patterson replaces Andrew Dennan, whose planned departure was announced by Ascent in May. Patterson has worked in the US state of Utah, where Ascent has assets, as well as in neighbouring Colorado, for Rose Petroleum PLC, now called Zephyr Energy PLC.
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PureTech Health PLC - London-based biotechnology company focused on developing therapies for serious diseases - Raju Kucherlapati steps down immediately as chair, replaced by Sharon Barber-Lui, who will be interim chair and also lead the process for finding a new permanent chair. "Raju has been an integral part of PureTech's journey for almost two decades, and we are deeply grateful for his dedication and leadership," says CEO Bharatt Chowrira.
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By Tom Waite, Alliance News editor
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Related Shares:
BPShellRio TintoHarbour EnergyAscent ResourcesZephyr EnergyPureTechFutura MedicalItm PowerRolls-Royce