27th Jan 2014 09:30
LONDON (Alliance News) - Polymer technology company Revolymer PLC Monday said Chief Executive Roger Pettman will leave at the end of the month as he seeks to launch other new ventures.
Pettman has led the company since it was founded in 2005 and led its listing on AIM in 2012.
"Dr Pettman's particular expertise within Revolymer has been in the establishment of the business, having identified the business model of using novel polymers to improve the performance of existing consumer products. He is now looking forward to working on establishing other new ventures,2 the company said in a statement.
Revolymer Chief Financial Officer and Company Secretary Rob Cridland will become acting CEO while the company seeks a permanent replacement for Pettman.
Revolymer shares were down 3.1% at 87.24 pence Monday morning.
By Steve McGrath; [email protected]; @SteveMcGrath1
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