4th Dec 2015 08:30
LONDON (Alliance News) - HydroDec Group PLC on Friday said Chief Executive Ian Smale has left the company "by mutual agreement" with immediate effect.
The company, a clean-technology industrial oil re-refining company, said Chris Ellis, currently its chief financial officer, will become acting chief executive, in addition to his existing roll in the near-term.
HydroDec said, however, it will hire a new chief financial officer as Ellis takes on the CEO responsibilities.
Shares in HydroDec were up 2.0% to 4.4625 pence early Friday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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