30th Aug 2019 11:01
(Alliance News) - Itaconix PLC said Friday it has promoted Finance & Operations Director Laura Denner to the post of chief financial officer, effective from Sunday.
Michael Norris, who had been serving as the company's interim finance head since September 2018, will be stepping down.
Itaconix said Denner had been assuming increasing financial and operational responsibilities at the firm since joining in 2013.
"Her major accomplishments include a steady stream of projects to build a strong operating and accounting base for the company's growth needs," the company said.
Chief Executive John Shaw said: "I greatly appreciated Michael's strong support as we worked together to restructure operations and move Itaconix into its new commercial phase. Laura worked closely with Michael over the last year and had lead responsibilities on major portions of this process. Her experience and leadership in developing our operations and finances have positioned us for on-going commercial success."
Shares in Itaconix were 1.0% higher in London on Friday at 2.55 pence each.
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Itaconix Plc