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EXECUTIVE CHANGES: GCP Infrastructure picks Rothschild banker as chair

Wed, 01st Dec 2021 15:59

(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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GCP Infrastructure Investments Ltd - invests in UK infrastructure projects with public sector-backed revenue to provide regular dividends - Hires Andrew Didham as non-executive director, starting December 17, with the plan that he will succeed Ian Reeves as chair in June next year. Didham was finance director for Rothschild Banking for 16 years. He is a non-executive director of IG Group Holdings PLC. He is the same at Charles Stanley Group PLC but will retire from that role on December 16, ahead of the wealth manager's takeover by Raymond James Financial Inc. Additionally, Paul De Gruchy will retire from the GCP Infrastructure board on December 17, having served for seven years.

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Britvic PLC - Hemel Hempstead, Hertfordshire-based soft drinks maker - Senior Independent Director Ian McHoul will retire from the board in May. His nine-year term ends in 2023, and he has agreed to step down early, Britvic says. Promotes William Eccleshare to senior independent director in his place. Also hires Emer Finnan as independent non-executive director, starting January 1. Finnan is president for Europe of Kildare Partners, a private equity firm based in London and Dublin. She is a non-executive director of cider-maker C&C Group PLC. Additionally, Suniti Chauhan will step down from the board at Britvic's January 27 annual general meeting.

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San Leon Energy PLC - oil and gas producer in Nigeria - Hires Julian Tedder as chief financial officer and executive director, starting immediately. Tedder was CFO at IGas Energy PLC and general manager for Finance at Tullow Oil PLC.

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Faron Pharmaceuticals Oy - Turku, Finland-based clinical stage biopharmaceuticals - Chief Medical Officer Matti Karvonen leaves immediately. Chief Development Officer Juho Jalkanen steps in as interim CMO while a search for a new CMO specialising in oncology is conducted.

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Spectral MD Holdings Ltd - London-based predictive analytics to improve decisions in wound care - Hires Nils Windler as CFO, starting this week. Windler was a vice president for Finance at industrial conglomerate 3M Co.

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CPPGroup PLC - Leeds-based products and services for financial services and insurance sectors - Hires Jeremy Miller as independent non-executive director, starting immediately. Miller is a chartered accountant who has worked at financial firms such as James Capel and Dresdner Kleinwort Wasserstein. He currently is a director of Gresham House Strategic PLC and InnovaDerma PLC.

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Mode Global Holdings PLC - bitcoin banking app based in London - Hires David Anderson as independent non-executive director, starting on Tuesday. Mode notes Anderson has 30 years of experience in the retail and hospitality sector and previously was a director of Mode subsidiary JGOO Ltd.

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Okyo Pharma Ltd - London-based biotechnology firm focused on dry eye diseases and chronic pain - Hires Bernard Denoyer as non-executive director, starting immediately. Denoyer was senior vice president for Finance & secretary of Nasdaq-listed Synergy Pharmaceuticals Inc. Additionally, promotes Willy Simon to senior non-executive director.

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Ethernity Networks Ltd - networking and security solutions provider based in Israel - Neil Rafferty resigns as independent non-executive director, stepping down on Wednesday. Ehternity will search for a new independent director.

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ECO Animal Health Group PLC - Surrey-based pet and livestock pharmaceuticals - Hires Tracey James as non-executive director, effective immediately. James was previously an audit partner at accountants Grant Thornton UK LLP. She is a non-executive director of recruitment firm Gattaca PLC.

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Comptoir Group PLC - London-based operator of Lebanese and eastern Mediterranean restaurants - Promotes Finance Michael Toon to board, effective immediately. Toon joined Comptoir back in October 2020.

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By Tom Waite; thomaslwaite@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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IN BRIEF: Ethernity Networks shares jump on USD1.5 million order

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IN BRIEF: Ethernity Networks says 2023 revenue target "achievable"

Ethernity Networks Ltd - Israel-based supplier of data processing semiconductor technology for networking appliances - Says it has secured the supply of components required to fulfil deliveries under contracts announced in October 2021 and September 2022. Company had expected USD4.2 million from these contracts would be recognised in 2023. Now thinks that USD3.3 million of the USD4.2 million can be recognised under these contracts in 2023. However, subject to securing the necessary components during the second half of the year, the company still expects to be able to recognise the balance of the USD4.2 million of revenue under these contracts in 2023. Says this will largely contribute to the targeted USD9 million in revenue for 2023 which the directors believe is "achievable."

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