30th Oct 2013 09:58
LONDON (Alliance News) - AIM-listed Oxford Advanced Surfaces Group Wednesday said Chief Financial Officer Philip Spinks will step up to be chief executive because Adrian Meldrum will step down to take up a senior role elsewhere.
The engineering company said Meldrum will remain on its board as a non-executve director. Spinks, meanwhile, will continue to be responsible for the company's finances.
"We are delighted we have Philip as a natural successor who brings a breadth of experience from both his time at OAS and from his commercial experience in large multi-national organisations," Chairman Peter Rowley said in a statement.
The company is focusing its resources on bringing its Onto platform to market. Onto is a chemistry that can glue plastics or provide a nanocoating surface on materials.
Oxford Advanced Surfaces shares were down 2.4% at 5 pence Wednesday morning.
By Steve McGrath; [email protected]; @SteveMcGrath1
Copyright 2013 Alliance News Limited. All Rights Reserved.
Related Shares:
OXA.L