Getech Grp Share News (GTC)

(Sharecast News) - Getech confirmed the appointment of Chris Jepps as chief executive on a permanent basis on Wednesday, after serving in the role on an interim basis since January.

The AIM-traded company also said Simon Brown had joined the board as chief financial officer, while Max Brouwers, chief business development officer, was appointed as an executive director.

All three appointments took effect immediately.

"Over the past six months, they have led the development and execution of a comprehensive turnaround plan, refocusing the business on its core oil and gas client base, streamlining the cost structure, and strengthening our leadership position in the evolving and potentially transformational global geological hydrogen sector," said chair Michael Covington.

"While early in the process, the group is already in a significantly stronger position."

Jepps, who joined Getech in 2016 following its acquisition of Exprodat, had held several senior roles including COO.

Brown had meanwhile been with the company since 2018, becoming finance director last year, and now stepped up as CFO.

Brouwers, a former senior executive at Shell with over 25 years' industry experience, joined Getech in 2021 and had been leading its business development across natural hydrogen, critical minerals and geothermal.

At 1253 BST, shares in Getech Group were down 2.34% at 2p.

Reporting by Josh White for Sharecast.com.