18th Oct 2024 13:37
(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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DFS Furniture PLC - Doncaster, England-based living room and upholstered furniture store chain - Chief Financial Officer John Fallon will step from the DFS board at its November 22 annual general meeting and leave the company in mid-January, after the end of the financial first half on December 31. Fallon has been CFO for just two years, having joined in November 2022 from grocer Asda.
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CT Automotive Group PLC - Portsmouth, England-based maker of interior components to the automotive industry - Promotes Salman Mohammed to CFO from finance director, a position he has held since October last year. Mohammed succeeds Anna Brown, who will step down from the board at the end of the month but remain as an advisor until the end of the year. Last week, CT Automotive completed a refinancing that will provide total funding of up to USD20 million going out to October 2027.
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RegTech Open Project PLC - London-based technology for automation of regulatory compliance operations - CFO Paul McFadden resigns on Tuesday, continuing as an adviser until a successor is found. RegTech will be led in the meantime by Chief Operating Officer Corrado Rosi.
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Chariot Ltd - London-based, African-focused company working on energy transition and green hydrogen projects in Morocco and Mauritania - Promotes Non-Executive Director Andrew Hockey to chair on Wednesday, succeeding George Canjar. Chief Executive Officer Adonis Pouroulis says: "We continue to make good progress with our Transitional Power financing, our new venture opportunity and we are pursuing various funding avenues for our Green Hydrogen business. We are also working alongside our partners to determine the next steps for Chariot's gas business."
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Oberon Investments Group PLC - London-based investment management, wealth planning and corporate broking - Promotes Adam Herringer to COO and to the board, effective immediately. Herringer joined Oberon in November 2021 as COO of Capital & head of change. He reports to Chief Executive Officer Simon McGivern.
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Cambridge Cognition Holdings PLC - Cambridge, England-based company developing and marketing digital brain health assessment solutions - Matthew Stork resigns as a director, having stepped down as CEO in mid-September. Cambridge Cognition said at the time that Stork stepped down as CEO immediately "to pursue other opportunities". COO Rob Baker and Chief Commercial Officer Alex Livingstone-Learmonth are named acting joint managing directors while the board looks for a new CEO. Cambridge Cognition also is without a CFO, so Ronald Openshaw, a consultant, has been leading the company's finance function.
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Dukemount Capital PLC - London-based property management - Richard Edwards joins board as executive director, as Dukemount raises GBP150,000 from investors. Dukemount places new shares at a price of 0.025 pence and issues convertible loan notes with a mandatory conversion at the same price. Dukemount shares were quoted in London on Friday at 0.034p. Edwards, an entrepreneur and professional investor, contributes GBP37,500 of this. As he joins the board, Geoffrey Dart steps down as non-executive director, and Paul Gazzard moves to become a non-executive director, all effective immediately.
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By Tom Waite, Alliance News editor
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