6th Oct 2010 07:00
6 October 2010
Pursuit Dynamics PLC
("PDX" or "the Company")
Finance Director appointment
PDX today announces that as part of Company succession planning, Donald Bell will retire as Finance Director and stand down from the Board following the publication of the full year results in December.
PDX is pleased to announce the appointment of Richard Webster MSc ACCA CPFA as Finance Director. Richard (aged 45) will join the Company from early November 2010 and will also, at that time, join PDX's Board of Directors.
Richard has held a number of senior finance positions in a variety of companies including Mercury Asset Management, Serco Group PLC, Director of Finance at Transport for London's Surface Transport division and CFO and then interim CEO at Liberata Ltd. Richard was also Non-Executive Director at the UK Ministry of Defence from 2007 to 2009. Most recently Richard was the CFO at HR Access, majority owned by Fidelity Investments, in Paris where he was brought in to manage a turnaround assignment.
Donald will work alongside Richard to ensure a smooth handover leading up to the year end results announcement in early December.
Roel Pieper, CEO of PDX, commented:
"Donald has been with us during a period of dynamic change at PDX and we are very grateful for his important contribution. At the same time, I am delighted to welcome Richard as our new Finance Director. His experience in senior finance positions in a number of different business areas will be invaluable to PDX as it continues its exciting development."
Donald Bell, CFO of PDX, commented:
"I have enjoyed these past two and a half years at PDX, which have been both stimulating and rewarding. I wish Roel and the team well for the future as they continue to successfully commercialise the PDX technology."
Richard Webster commented:
"I am very pleased to be joining such an exciting growth company, which has further significant opportunities to unlock the commercial potential of the PDX technology."
The companies of which Mr. Webster has been a director in the past five years are
as follows:
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Current |
Previous |
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NRG Fitness Ltd |
UK Ministry of Defence |
|
|
Liberata Ltd |
|
|
Liberata UK Ltd |
|
|
Liberata Financial Services Ltd |
|
|
Liberata Holdings Ltd. |
|
|
Ton Up Consulting Ltd |
|
|
Liberata Consulting Ltd |
|
|
Adepta Resources Ltd |
|
|
London Buses Ltd |
|
|
London River Services Ltd |
|
|
London Dial a Ride Ltd |
|
|
TfL Pension Trustees Ltd |
|
|
Victoria Coach Station Ltd |
|
|
East Thames Buses Ltd. |
No further information is required to be disclosed pursuant to schedule 2 paragraph (g) of the AIM Rules.
- Ends -
For Further Information, please contact:
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PDX |
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Roel Pieper, CEO |
Tel: +44 (0)1480 422050 |
|
Donald Bell, CFO |
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|
|
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Financial Dynamics |
|
|
Ben Foster / Marc Cohen |
Tel: +44 (0) 20 7831 3113 |
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|
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Cenkos Securities plc |
|
|
Ian Soanes / Max Hartley |
Tel: +44 (0)20 7397 8924 |
|
|
|
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Mirabaud Securities LLP |
|
|
Rory Scott |
Tel: +44 (0) 20 7878 3360 |
Notes to Editors
About PDX
- PDX(AIM: PDX) owns and commercialises the PDX Atomiser and Reactor technologies that enable significant reductions in energy usage, process acceleration and result enhancement for a wide range of industrial processes and applications.
- The PDX business model is now organized into four Lines of Business - Bio-fuels, Brewing and Food, Decontamination and Fire Suppression.
- PDX is headquartered in Huntingdon, UK with an office in Norwalk, Connecticut, USA.
- Further information is available at the Company's website: www.pdx.biz
- Publication quality photographs are available from FD.
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