26th Nov 2025 10:32
(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Tuesday and Wednesday and not separately reported by Alliance News:
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Strix Group PLC - Isle of Man-based supplier of kettle safety controls and other devices for water heating and temperature control, steam management, and water filtration - Chief Executive Officer Mark Bartlett will leave "by mutual agreement" on May 29 next year, as Strix grapples with a slowdown in its Controls division and tries to reduce its debt. Bartlett joined Strix in 2006 and has been CEO since 2015. The company has started a search for a new CEO, led by Chair Gary Lamb. "While market conditions have remained challenging, we are pleased to see early indications of improvement in the Controls division," Bartlett says. Strix says US tariffs and a weaker dollar caused a "market slowdown" in its Controls division in the second quarter. This stabilised in the third quarter, and Strix says it expects an improving trend will continue into the first quarter of 2026. Meanwhile, the Consumer Goods division returned to growth after a restructuring last year. The company as a whole is trading "broadly in line" with market expectations for the 15-month period ending March 31, 2026, following Strix's change of year-end from December 31. Net debt was GBP70.3 million on September 30, and Strix aims to reduce leverage to 1.5 times earnings in the next 12 to 18 months.
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Judges Scientific PLC - buys and develops companies in scientific instrument sector - Founder David Cicurel will move to non-executive chair from CEO on February 9, and Chair Ralph Elman will step down to deputy chair to make room. Business Development Director Tim Prestidge will be promoted to CEO. Judges Scientific says Circurel wants to step back from the CEO role, having founded the company more than 20 years ago. Circurel's move to chair has the support of Judges Scientific's largest shareholders, the company says, and he will remain "actively engaged" in its acquisitions. Prestidge joined Judges Scientific in early 2023, having been a divisional CEO at safety products manufacturer Halma PLC.
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Treatt PLC - Suffolk, England-based extracts and ingredients manufacturer - Chief Executive David Shannon will leave the company on December 31, and Treatt says it has started to look for a new CEO. "The board is focused on securing the right long-term leadership for the next phase of the Company's development," the company says. Shannon's departure comes after former chief financial officer Ryan Govender left for Johnson Service Group PLC at the end of September and after Treatt accepted a GBP173.8 million takeover offer from Natara Global Ltd in October. Treatt last month also said it has continued to experience trading headwinds amid sustained high citrus oil prices and softer demand in North America due to weaker consumer confidence.
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Georgia Capital PLC - Tbilisi-based investor in domestic businesses in Georgia - Renews CEO contract of Chair & CEO Irakli Gilauri. The old contract was due to end on December 31, and the new contract runs to the end of 2028. Georgia Capital also says Gilauri's compensation will be switched from entirely share-based to a cash salary and annual bonus. His overall compensation will be reduced compared to the existing contract, as Gilauri steps back partly from Georgia Capital to develop his own Georgian wine business. "The board is delighted that Irakli has agreed to continue in his role for a further three years," says Senior Independent Director David Morrison. "His performance track record has been nothing short of spectacular. "
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NextEnergy Solar Fund Ltd - Jersey-registered investor in environmental infrastructure in the UK and Europe - Hires Tony Quinlan to be non-executive chair, starting Wednesday next week. Quinlan replaces Paul Le Page, who has been serving as interim chair since May, and now will revert to independent non-executive director. Quinlan is senior independent director for Costain Group PLC and Hill & Smith PLC, which are construction and construction products companies. As an executive, he was CEO of engineering firm Laird PLC and CFO of electricity generator Drax Group PLC.
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AJ Bell PLC - Manchester, England-based retail investment platform - Non-Executive Director Evelyn Bourke will leave the board on February 4. She will be replaced as senior independent director by Fiona Fry.
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By Tom Waite, Alliance News editor
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Related Shares:
TreattStrixGeorgia CapitalNextEnergy SolarJudges ScientificHalmaAJ BellCostain GroupHill & SmithDraxJohnson Service