12th Nov 2021 13:11
(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Friday and not separately reported by Alliance News:
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In The Style Group PLC - Manchester-based online womenswear fashion retailer - Founder & Chief Executive Officer Adam Frisby will move to chief brand officer, a new position, while remaining an executive director. In The Style hires Sam Perkins as its new CEO, joining on January 17 from Very Group, where he has been managing director of its retail division since 2018. In The Style listed on AIM in March at 200 pence per share. Its shares have since nearly halved in value to 115.99p, dropping sharply in September after warning about supply chain disruption. "Sam's decision to join In The Style is testament to the group's exciting ambitions and opportunities," Non-Executive Chair Jim Sharp says. "I have every confidence that Sam and Adam will form a formidable partnership to drive forward the brand's continued expansion."
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Palace Capital PLC - investor with portfolio of UK regional commercial properties - Promotes Matthew Simpson to chief financial officer, starting immediately. Simpson was made finance director designate back in August, having previously been head of Finance & Operations.
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Crimson Tide PLC - Tunbridge Wells, Kent-based mobile software firm - Graham Ashley will retire as non-executive director on November 30, so company is looking for a new independent non-executive director. Meanwhile, Non-Executive Director Jacqueline Daniell is promoted to non-executive deputy chair, effective immediately.
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Altona Rare Earths PLC - mineral explorer in southwest Mozambique and southern Malawi - Hires Hilton Banda as non-executive director, effective immediately. Banda is a geologist and chair of Akatswiri Holdings Ltd in Malawi, the parent of resources companies including Akatswiri Rare Earths Pvt Ltd. "Hilton and his team have commenced the pre-exploration groundwork in the Chambe Basin area, at Altona's REE mining project in southern Malawi," the company notes.
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Finablr PLC- Abu Dhabi-based payments and foreign exchange provider - Announces "termination of Binay Shetty's office as director of the company with immediate effect," providing no explanation. Also says PKF Littlejohn LLP has been appointed as company auditor. Co-Chair Bavaguthu Raghuram Shetty resigned in August last year, following the uncovering of previously undisclosed company debt of more the USD1 billion. The Shettys own 67.25% of Finablr via three BRS Investment Holdings vehicles, according to Morningstar.
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By Tom Waite; [email protected]
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