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EXECUTIVE CHANGES: Imperial Brands CFO enters; DF Capital chair exits

Wed, 19th May 2021 16:24

(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Wednesday and not separately reported by Alliance News:

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Distribution Finance Capital Holdings PLC - Manchester-based bank providing personal savings products and working capital to dealers and manufacturers - John Baines resigns as non-executive chair and as a director, effective immediately, having served as chair since July 2017. Senior Independent Director Mark Stephens is appointed interim non-executive chair while a search for a new chair is conducted. Stephens notes that Baines led DF Capital through its initial public offering and the securing of a UK banking license in 2020. DF Capital held its annual general meeting on Wednesday. Resolutions allowing directors to allot shares and granting authority to disapply pre-emption rights in share issues both received 54% support from shareholders. The former resolution passed, as it required only a majority, while the latter failed, as it required 75% support. DF Capital says it will consult with shareholders about the reasons for both votes.

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Imperial Brands PLC - Bristol-headquartered tobacco products - Confirms that Lukas Paravicini starts on Wednesday as chief financial officer, replacing Oliver Tant. Paravicini was CFO of agricultural commodities merchant ED&F Man Holdings Ltd. He originally was supposed to start in August, but Imperial Brands last month said his starting date had been moved up.

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Abcam PLC - Cambridge, England-based life science research reagents and tools - Senior Independent Director Louise Patten retires. Giles Kerr, on the board since 2018, is promoted to senior independent director.

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Alpha FX Group PLC - London-based foreign exchange risk management and international payments - Hires Vijay Thakrar as independent non-executive director, effective immediately. Thakrar, an accountant who was a partner at EY and Deloitte, sits on the board of London listings Alumasc Group PLC, Sanderson Design Group PLC and Treatt PLC.

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Redx Pharma PLC - Macclesfield, England-based discovery of treatments for cancer and fibrotic disease - Hires Natalie Berner as non-executive director, starting immediately. Berner is managing director for Therapeutics at venture capital and private equity firm Redmile Group LLC.

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Intelligent Ultrasound Group PLC - Cardiff, Wales-based artificial intelligence tools for diagnostic medical ultrasounds - Hires Ingeborg Oie as non-executive director. Oie is CFO of surgical robotics firm CMR Surgical. Prior to that, she was a medical devices and healthcare services analyst at Goldman Sachs Group Inc and Jefferies Financial Group Inc. Oie is a non-executive director of Georgia Healthcare, part of London-listed Georgia Capital PLC.

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Tasty PLC - London-based casual dining restaurant chains dim t and Wildwood - Hires Harald Samuelsson as independent non-executive director, starting immediately. Samuelsson was joint managing director of the Cote and Bill's restaurant chains in the UK.

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Sportech PLC - Edinburgh-based betting technology - Chris Rigg steps down as non-executive director from May 31, having joined the board in January 2019.

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Iconic Labs PLC - London-based media and technology company - Hires Christoph Manthe as non-executive director, effective immediately. Says Manthe has long experience in fund raising, financing, and real estate investing.

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Airea PLC - West Yorkshire-based floor coverings manufacturer - Hires Ryan Thomas as finance director and company secretary, starting June 11 and replacing Paul Stevenson, whom Airea previously said was stepping down. Thomas was the finance director of the European division of Eco-Bat Technologies Ltd, a producer and recycler of lead.

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By Tom Waite; thomaslwaite@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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11 Apr 2024 15:09

UK dividends calendar - next 7 days

Friday 12 April 
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Comments and questions to newsroom@alliancenews.com
  
A full 14-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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26 Mar 2024 16:15

EARNINGS: CAB Payments profit drops, Life Science REIT cuts dividend

(Alliance News) - The following is a round-up of earnings updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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19 Mar 2024 15:54

UK earnings, trading statements calendar - next 7 days

Wednesday 20 March 
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Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
24 Jan 2024 12:11

Airea shares up on GBP5.0 million investment in manufacturing facility

(Alliance News) - Airea PLC on Wednesday saw its shares rise, after announcing "strong sales" growth throughout the year, as well as an investment in its manufacturing facility.

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3 Oct 2023 11:51

Airea names Conleth Campbell as new chief financial officer

(Alliance News) - Airea PLC on Tuesday named Conleth Campbell as its new chief financial officer.

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3 Oct 2023 11:00

Airea names Conleth Campbell as CFO

(Sharecast News) - Flooring company Airea has tapped Conleth Campbell to take over as chief financial officer, with immediate effect.

Read more
27 Jul 2023 14:23

EARNINGS UPDATES: Airea profit down on costs; Scholium ends year well

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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4 Jul 2023 15:23

IN BRIEF: Airea finance chief resigns, effective late September

Airea PLC - West Yorkshire-based flooring company - Chief Financial Officer & Executive Director Ryan Thomas provides notice of resignation "to pursue a new opportunity in a new sector". Thomas will remain in his role and as a member of the board until September 22, before leaving the company. Airea says it has initiated a search for a successor and will provide further updates as appropriate.

Read more
10 May 2023 17:14

IN BRIEF: Airea to address pension deficit after position deteriorates

Airea PLC - West Yorkshire-based flooring company - Updates investors at annual general meeting and reports maintained margins despite ongoing cost challenges. Recognises the pension scheme position has deteriorated year-on-year from an unrecognised surplus of GBP5.1 million to a deficit of GBP1.3 million. Explains this was caused in part by the rise in gilt yields and then a fall in gilt prices towards the end of 2022. Says the next triennial valuation is due on July 1 and this will be used to agree upon a revised schedule of contributions with the pension trustees.

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5 Apr 2023 14:13

IN BRIEF: Airea lifts annual dividend as profit rises; revenue up

Airea PLC - West Yorkshire-based flooring company - Posts revenue of GBP18.5 million for 2022, up 17% from GBP15.9 million in 2021. Says home sales recovering to pre-pandemic levels. Pretax profit rises by 11% to GBP1.4 million from GBP1.3 million, as operating profit climbs by 7.8% to GBP1.4 million from GBP1.3 million a year earlier. Declares total dividend of 0.5 pence per share, up 25% from 0.4p a year prior. Looking ahead, Airea says it is pleased that cost pressures are beginning to ease and stabilise, but warns that the cost increases in 2022 will be experienced in 2023. Adds that it has been able to recover in both the UK and export market.

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25 Aug 2022 10:53

Airea names former Al-Futtaim managing director Mederic Payne as CEO

(Alliance News) - Airea PLC on Thursday said it has appointed Mederic Payne as its new chief executive officer.

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28 Jul 2022 20:05

EARNINGS UPDATES: Rathbones assets drop; Trackwise sinks to loss

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EARNINGS UPDATES: Parsley Box widens loss; M Winkworth profit doubles

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2 Apr 2022 07:49

IN BRIEF: Airea CEO Neil Rylance dies; led company for 14 years

Airea PLC - West Yorkshire-based floor coverings manufacturer - Neil Rylance, chief executive officer, dies on Monday at age 64, having led the company since 2008. Airea says an update will be made "in due course". "We remain committed to building on Neil's legacy by delivering against the growth opportunities that the business now has with our thanks to Neil's foresight and leadership in getting us to this place," says Non-Executive Chair Martin Toogood.

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18 Mar 2022 20:28

TRADING UPDATES: Elixirr buys in US; JPMorgan Russian wary of values

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

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