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EXECUTIVE CHANGES: Countryside Properties and musicMagpie poach CFOs

Tue, 16th Nov 2021 14:35

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

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Countryside Properties PLC - Brentwood, Essex-based housebuilder - Hires Tim Lawlor as new chief financial officer, starting on March 28, 2022. Lawlor currently is CFO of logistics firm Wincanton PLC, which said that Lawlor will depart in March next year and that it has started the search for a successor. At Countryside, Lawlor replaces Mike Scott, who similarly was poached from Countryside by larger peer Barratt Developments PLC to be its CFO, replacing Jessica White. Tom Wright was recruited by Countryside last month to be interim CFO starting on November 30.

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musicMagpie PLC - Manchester-based used technology reseller - Hires Matthew Fowler as CFO, following Ian Storey's promotion to chief operating officer from CFO. Fowler joins at a date to be set from molecular diagnostics firm genedrive PLC, where has been CFO for five years, previous to which he was financial controller of former AIM listing Scapa Group PLC. genedrive says a search for a successor will begin.

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Stanley Gibbons Group PLC - London-based collectable postage stamps retailer - Hires Kevin Fitzpatrick as CFO, effective immediately, replacing Anthony Gee, who steps down at the same time as CFO, director and company secretary. Fitzpatric was CFO for Arise Media & Technology, a privately owned company.

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Directa Plus PLC - London-based producer of graphene nanoplatelets - Promotes CFO Giorgio Bonfanti to board, effective immediately. Bonfanti joined Directa Plus back in May, having worked at accountants PwC since 2014.

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SolGold PLC - Brisbane, Australia-based developer of copper-gold deposits in Ecuador - Hires Darryl Cuzzubbo to be managing director and chief executive officer, joining the board immediately and becoming CEO on December 1. Cuzzubbo was chief manufacturing & supply officer president of Auspac Asia at commercial explosives provider Orica Pty Ltd, prior to which he was with miner BHP Group PLC.

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JD Sports Fashion PLC - Bury, Lancashire-based sports and outdoor apparel retailer - Hires Helen Ashton as non-executive director, starting this past Monday. Ashton was CFO of online retailer ASOS PLC.

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Biotech Growth Trust PLC - invests globally in biotechnology companies - Hires Roger Yates as independent non-executive director, starting December 1. Yates is senior independent director of wealth manager St James's Place PLC, of Jupiter Fund Management PLC, and of facilities management provider Mitie Group PLC. As an executive, Yates was CEO of asset manager Henderson Group PLC for 10 years.

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ITM Power PLC - Sheffield-based hydrogen power equipment maker - Tom Rae resigns as non-executive director. Rae represented JCB Research, whose shareholding fell below the threshold for a board seat following ITM's recent share placing. Back in October, ITM raised GBP250 million in equity, selling 62.5 million new shares at 400 pence each.

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By Tom Waite; thomaslwaite@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
12 Apr 2024 14:46

Directa Plus asphalt technology laid at Imola Circuit

(Sharecast News) - Graphene nanoplatelet specialist Directa Plus announced on Friday that 'GiPave', an asphalt solution incorporating graphene and recycled plastics, was being installed at the Imola Circuit ahead of the Emilia-Romagna Grand Prix in May.

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12 Apr 2024 11:13

Directa Plus sustainable tarmac fitted for Emilia-Romagna Grand Prix

(Alliance News) - Directa Plus PLC said on Friday that the company's sustainable tarmac will be installed at the Imola Circuit in Italy ahead of the Emilia-Romagna Grand Prix in May, making it the first-ever environmentally-friendly tarmacked circuit.

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25 Mar 2024 14:44

IN BRIEF: Directa Plus gets EUR1 million loan for Setcar acquisition

Directa Plus PLC - London-based graphene product manufacturer - Enters EUR1.0 million loan agreement with Nant Capital LLC. The funding will be used to complete the final payment for the acquisition of Setcar SA. In February, Director Plus agreed to buy further 49% stake in Setcar, the group's environmental services subsidiary, for EUR1.5 million. This took Directa Plus's holding to just under 100%.

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22 Mar 2024 11:14

Directa Plus collaborates with Heathcoat to boost technical textiles

(Alliance News) - Directa Plus PLC on Friday announced a new collaboration "to drive groundbreaking advancements in technical textiles."

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26 Feb 2024 20:17

TRADING UPDATES: Begbies trading in line; Probiotix inks partnership

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

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26 Feb 2024 12:28

Directa Plus buys further 49pc stake in Setcar

(Sharecast News) - Directa Plus announced the acquisition of an additional 48.96% stake in Setcar on Monday, taking its shareholding from 50.99% to 99.95%.

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12 Feb 2024 10:09

IN BRIEF: Directa Plus shares rise on "strong progress" last year

Directa Plus PLC - London-based graphene product manufacturer - Says it "made strong progress" in 2023, and expects to report revenue of about EUR11 million and a minimum 20% reduction in its adjusted loss before interest, tax, depreciation and amortisation, "slightly ahead" of market consensus. Follows revenue of EUR10.9 million in 2022 alongside an EUR3.2 million adjusted Ebitda loss. Company says consensus predicts EUR12 million in revenue and a EUR2.5 million Ebitda loss for 2023. Last year's "strong progress" includes "securing new contracts across key geographies and in all verticals" such as a EUR5.5 million three-year deal with Liberty Galati.

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12 Feb 2024 09:39

Directa Plus narrows FY underlying losses

(Sharecast News) - Graphene nanoplatelets producer Directa Plus said on Monday that it had made "strong progress" in 2023, with new contracts across key geographies leading to a marked reduction in underlying losses.

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12 Feb 2024 08:48

LONDON MARKET OPEN: FTSE 100 "hugging the flatline" in slow start

(Alliance News) - London's FTSE 100 opened in a muted fashion on Monday, failing to replicate the more convincing gains seen on Wall Street on Friday and elsewhere in Europe at the start of the new week, ahead of a busy few days of corporate earnings and economic data.

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31 Jan 2024 12:30

EARNINGS AND TRADING: Symphony Environmental plummets on EU judgement

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

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20 Dec 2023 12:02

Directa Plus inks deal for tech to be used for graphene compounds

(Alliance News) - Directa Plus PLC on Wednesday said that it has signed a deal with an unnamed Italian innovator to buy the technology for a system capable of preparing tailored graphene compounds.

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20 Dec 2023 10:01

Directa Plus strikes 'landmark agreement' with Italian innovator

(Sharecast News) - Graphene nanoplatelets producer Directa Plus has struck a "landmark agreement" to acquire "groundbreaking technology" for G+ graphene compounds.

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15 Dec 2023 21:09

EARNINGS AND TRADING: Redx full year revenue tumbles; loss widens

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

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27 Sep 2023 12:03

EARNINGS: Shepherd Neame says "turmoil" easing; Everyman upbeat

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

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18 Sep 2023 12:18

Directa Plus shares jump on strategic collaboration with Spectrum

(Alliance News) - Directa Plus PLC shares jumped on Monday, after it said it has signed a strategic collaboration with Spectrum Group.

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