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EXECUTIVE CHANGES: Imperial Brands CFO enters; DF Capital chair exits

Wed, 19th May 2021 16:24

(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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Distribution Finance Capital Holdings PLC - Manchester-based bank providing personal savings products and working capital to dealers and manufacturers - John Baines resigns as non-executive chair and as a director, effective immediately, having served as chair since July 2017. Senior Independent Director Mark Stephens is appointed interim non-executive chair while a search for a new chair is conducted. Stephens notes that Baines led DF Capital through its initial public offering and the securing of a UK banking license in 2020. DF Capital held its annual general meeting on Wednesday. Resolutions allowing directors to allot shares and granting authority to disapply pre-emption rights in share issues both received 54% support from shareholders. The former resolution passed, as it required only a majority, while the latter failed, as it required 75% support. DF Capital says it will consult with shareholders about the reasons for both votes.

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Imperial Brands PLC - Bristol-headquartered tobacco products - Confirms that Lukas Paravicini starts on Wednesday as chief financial officer, replacing Oliver Tant. Paravicini was CFO of agricultural commodities merchant ED&F Man Holdings Ltd. He originally was supposed to start in August, but Imperial Brands last month said his starting date had been moved up.

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Abcam PLC - Cambridge, England-based life science research reagents and tools - Senior Independent Director Louise Patten retires. Giles Kerr, on the board since 2018, is promoted to senior independent director.

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Alpha FX Group PLC - London-based foreign exchange risk management and international payments - Hires Vijay Thakrar as independent non-executive director, effective immediately. Thakrar, an accountant who was a partner at EY and Deloitte, sits on the board of London listings Alumasc Group PLC, Sanderson Design Group PLC and Treatt PLC.

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Redx Pharma PLC - Macclesfield, England-based discovery of treatments for cancer and fibrotic disease - Hires Natalie Berner as non-executive director, starting immediately. Berner is managing director for Therapeutics at venture capital and private equity firm Redmile Group LLC.

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Intelligent Ultrasound Group PLC - Cardiff, Wales-based artificial intelligence tools for diagnostic medical ultrasounds - Hires Ingeborg Oie as non-executive director. Oie is CFO of surgical robotics firm CMR Surgical. Prior to that, she was a medical devices and healthcare services analyst at Goldman Sachs Group Inc and Jefferies Financial Group Inc. Oie is a non-executive director of Georgia Healthcare, part of London-listed Georgia Capital PLC.

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Tasty PLC - London-based casual dining restaurant chains dim t and Wildwood - Hires Harald Samuelsson as independent non-executive director, starting immediately. Samuelsson was joint managing director of the Cote and Bill's restaurant chains in the UK.

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Sportech PLC - Edinburgh-based betting technology - Chris Rigg steps down as non-executive director from May 31, having joined the board in January 2019.

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Iconic Labs PLC - London-based media and technology company - Hires Christoph Manthe as non-executive director, effective immediately. Says Manthe has long experience in fund raising, financing, and real estate investing.

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Airea PLC - West Yorkshire-based floor coverings manufacturer - Hires Ryan Thomas as finance director and company secretary, starting June 11 and replacing Paul Stevenson, whom Airea previously said was stepping down. Thomas was the finance director of the European division of Eco-Bat Technologies Ltd, a producer and recycler of lead.

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By Tom Waite; thomaslwaite@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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