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(Alliance News) - The following is a round-up of London-listed company director and manager changes announced this week and not separately reported by Alliance News:
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Woodbois Ltd - Africa-focused timber technology - New Chief Executive Officer Lucas Kanme joins the board. Kanme had been appointed as CEO in early January after the resignations of CEO & Executive Chair Guido Theuns and Chief Financial Officer Johannes Bloemen at the end of December. Woodbois also hires Cobus van der Merwe as a non-executive director. Van der Merwe is CEO of AIM-listed Kibo Energy PLC and a chartered accountant in South Africa. Back in February, Woodbois said it is "experiencing the financial effect" of the management changes and a production halt last year. "The patience of some of our creditors has understandably worn thin, exacerbated perhaps by a lack of communication in the last quarter of 2024, which we are seeking to redress," Woodbois said. It noted a BGFI Bank in Gabon has won a court decision allowing it to begin proceedings to recover EUR790,000 owed to it by Woodbois. The company said it is working to secure bridge financing while it restarts production. "We believe that the best outcome for all stakeholders, including BGFI, our loyal employees in Gabon and long suffering shareholders will be achieved through production," it said "The company has begun to ship containers of existing stock from the port in Libreville, and is now beginning to move stock from the warehouse in Mouila to the port."
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ADM Energy PLC - natural resources investing - Hires Randall Connally to be CEO, starting immediately. Connally is an investment banker who currently is CFO of Los Angeles-based consultancy Atlantic Bridge LLC. He owns 25.5 million ADM shares, a 1.6% stake, and also is a director of OFX Holdings LLC, which holds 243.7 million shares, a 15.6% stake.
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Severfield PLC - Thirsk, North Yorkshire-based structural steel maker - Alan Dunsmore will step down as CEO "by mutual consent" on June 30, after 7 years in post and 15 with the company. Severfield has started a search for a successor. In the meantime, the company will be led by Chair Charlie Cornish, CFO Adam Semple, and Rob Evans, managing director of Severfield's largest division, Commercial & Industrial.
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Revel Collective PLC - operator of 40 premium bars and 22 gastro pubs in the UK, mostly under the Revolution, Revolucion de Cuba and Peach Pubs brands - CFO Danielle Davies resigns "to take up another opportunity", leaving in the summer and helping to prepare the company's annual results in the interim. Revel's financial year runs to the end of June. Revel says it will make an announcement regarding her replacement "in due course".
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International Public Partnerships Ltd - infrastructure investment - Confirms Meriel Lenfestey will be its next senior independent director, replacing John Le Poidevin at this year's annual general meeting. Le Poidevin is leaving the board after serving for nine years. International PPL holds its AGMs in June.
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Next 15 Group PLC - London-based business growth consultant - Hires Mickey Kalifa as CFO, replacing Peter Harris on June 1. Kalifa recently was CFO of Dept, a private equity-backed technology and marketing services firm, prior to Dept, Kaliva was CFO of advertising firm M&C Saatchi PLC.
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By Tom Waite, Alliance News editor
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