Invinity Energy Share News (IES)

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

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Invinity Energy Systems PLC - London-based utility-grade energy storage manufacturer - Jonathan Marren replaces Larry Zulch as chief executive officer, effective immediately, as Invinity warns of a protracted sales cycle. Marren was chief financial officer & chief development officer of Invinity, which says Zulch has decided to retire after leading the company since its creation in April 2020. "The launch of our next-generation product, scheduled for later this year, will mark the next phase in Invinity's journey, making now the right time to hand over leadership," he says. Invinity now will recruit a new CFO. It warns on Friday: "Global market and policy developments, and the recent change of government in the UK, are positive indicators for Invinity. However, they have led to a more protracted sales cycle as the company's prospective customers assess the impact on their projects."

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Gulf Keystone Petroleum Ltd - oil producer in Kurdistan region of Iraq - Announces the "sudden" death of Chair Martin Angle earlier this week. Angle had been chair since last year, having joined the Gulf Keystone board in 2018. "Martin has been instrumental in guiding the company through a period of significant value creation for shareholders while navigating material challenges such as the Covid-19 pandemic and the suspension of the export pipeline," says CEO Jon Harris. Gulf Keystone says David Thomas, currently deputy chair & interim senior independent director, will be interim chair.

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Portmeirion Group PLC - Stoke-on-Trent, England-based ceramics maker and retailer of homeware brands, including Spode, Royal Worcester and Wax Lyrical - Hires Jonathan Hill as finance director, starting October 1. Hill is an accountant who has worked for consumer goods brands including Nike Inc's Umbro. At Portmeirion, he replaces David Sproston, who leaves the company after 16 years, with 5 on the board, "to pursue new opportunities".

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Ceres Power Holdings PLC - West Sussex, England-based developer of clean energy technology - Hires Stuart Paynter to be CFO, replacing Eric Lakin, starting October 1. Lakin leaves after just under three years in post "to pursue other interests". For seven years, Paynter was CFO of Oxford BioMedica PLC. He also spent eight years with pharmaceutical firm Shire PLC.

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BP Marsh & Partners PLC - London-based venture capital provider to early stage financial services businesses - Promotes Francesca Chappell to chief finance officer, replacing Jonathan Newman, who resigns as finance director immediately. Newman has been with BP Marsh for 25 years and will "take a break in order spend some much needed time with his family before embracing his next challenge". Chappell has been in the BP Marsh finance team since 2013. She will join the board once regulatory clearance is given.

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AFC Energy PLC - Surrey, England-based hydrogen fuel cell technology for electric vehicle chargers, off-grid decentralised power systems for construction, and temporary power - Hires John Wilson to be CEO, starting January 6 and replacing Adam Bond, who the company in July said is returning to Australia. Wilson joins from Bulgin Ltd, a connectivity solutions developer where he was CEO. Prior to Bulgin, Wilson was CEO of Elektron Technology PLC. AFC Energy Chair Gary Bullard will be interim CEO until Wilson joins.

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Glenveagh Properties PLC - Kildare, Ireland-based house and apartment builder - Michael Rice will step down as CFO on December 31, after seven years in post. He will be replaced by Conor Murtagh, who is currently chief strategy officer. Glenveagh also on Friday launches a share buyback worth up to EUR50 million. The buyback will be run by J&E Davy stockbrokers and will be completed by the end of 2025.

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EDX Medical Group PLC - Cambridge, England-based developer of digital diagnostic products and services for personalised treatments of cancer, heart disease and infectious diseases - Hires Eric Vick as chief commercial officer. EDX says Vick has 25 years experience in the life sciences sector, including with GSK PLC and Novartis AG. On Monday, EDX announced it signed a distribution agreement with Caris Life Sciences, a US-based precision medicine company. EDX and Caris will work together exclusively in the UK and Nordic for a minimum of three years to distribute Caris's portfolio of molecular profiling services for clinical and research use.

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By Tom Waite, Alliance News editor

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