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EXECUTIVE CHANGES: Eco Buildings chair leaves and vice chair ousted

18th Jan 2024 20:32

(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Thursday and not separately reported by Alliance News:

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Eco Buildings Group PLC - London-based manufacturer of prefabricated modular housing products - Andrew Allner steps down as chair. Allner was chair of Fox Marble Holdings PLC for over 12 years, and stayed on as chair of Eco after it acquired Fox Marble in the summer. "He now feels, following the completion of the RTO, the relocation of the company's factory from Dubai to Durres, and the successful production of our first wall that now is the time for him to retire," Eco says. Allner is replaced by Don Nicolson. Eco adds: "He has held multiple executive and non-executive roles in both publicly listed and private companies. Don spent 26 years at BP, where senior roles included Director North Sea and Chief of Staff to BP's E&P CEO." Nicolson is currently non-executive chair of Zenova Group PLC. In addition, Eco says it has dismissed Vice Chair Dominic Redfern, "for cause". "This decision aligns with our commitment to upholding the highest standards of conduct within our organisation," Eco explains.

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Home REIT PLC - London-based real estate firm, which invests in housing for homeless people - Says Michael O'Donnell to succeed Lynne Fennah as independent non-executive chair with immediate effect. Fennah stays on board as non-executive director "to provide continuity". In addition, Home REIT says the remaining board members will step down once annual results are published, noting "shareholders would like to see a refresh". O'Donnell is currently a non-exec at self-storage firm Big Yellow Group PLC.

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Canadian Overseas Petroleum Ltd - oil and gas exploration company with operations in Wyoming, US -

Names Peter Kravitz as interim chief executive. Kravitz was a founding principal of Province LLC, a restructuring advisory. He has "an extensive resume of engagements", including with pet products retailer PetSmart and action sports apparel company BoardRiders, whose brands include Quiksilver and Billabong. In addition, it names Mark Wall as a non-executive director, replacing departing Atul Gupta. The firm says: "Wall has more than 27 years of experience in the mining industry in executive, commercial, operations and sustainability roles. He has operated at various senior levels of publicly listed mining companies, including as the CEO of a Canadian TSX listed mining company." In December, John Cowan resigned as CEO after just four months on the job. Cowan, who had been a company director since 2015, was appointed CEO in September. The company at the time did not give a reason for Cowan's resignation but said he would remain on the board for the time being while a replacement is found.

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Northern Bear PLC - Newcastle, England-based building services firm - Appoints John Davies as executive director with immediate effect. Davies will then become CEO from April 1. He was formerly chief operating officer of construction firm Esh Group. In addition, says Operations Director Keith Soulsby to leave post from end of March. Northern Bear says: "Keith has overseen the group's commercial and operational activities since March 2020 and has helped to steer the group through some major challenges since then, including the Covid-19 pandemic and related labour and supply chain issues." Steve Roberts, meanwhile, has been reappointed as executive director. "Upon standing down as executive chairman in August 2021, Steve remained part of the group's operational management team and a director of all subsidiary companies. Steve has also been involved with the group since inception and has served as both group finance director and executive chairman. Given his vast experience of the group and its employees, Steve will provide valuable continuity to the board and support John as he transitions to his role as group CEO," Northern Bear says.

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S-Ventures PLC - investor in natural, wellness and food tech brands - David Mitchell steps down as chair after three-year stint. Firm adds: "David has successfully navigated and supported S-Ventures through its growth journey and played a significant part in executing and overseeing several significant transactions. The company wishes David the best and thanks him for his work over the last 3 years. The business continues to develop and whilst there have been challenges, David has always been a valued source of strategic input and advice." Non-Executive Director Robert Hewitt resumes chair role on an interim basis. In addition, firm says: "S-Ventures continues to explore funding alternatives in what remains a fragile capital markets environment and is pleased to report that group profitability on an [earnings before interest, tax, depreciation and amortisation] basis remains positive."

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Integrated Diagnostics Holdings PLC - consumer healthcare firm with operations in Egypt, Jordan, Sudan and Nigeria - Names Sherif El Zeiny as chief financial officer with effect Thursday. "El Zeiny is a seasoned and certified board director and executive partner, boasting over three decades of experience in financial management, business leadership, and corporate strategy," IDH says.

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By Eric Cunha, Alliance News news editor

Comments and questions to [email protected]

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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