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EXECUTIVE CHANGES: Ocean Harvest catches new CFO, Titon hires new CEO

Wed, 22nd Nov 2023 14:20

(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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Ocean Harvest Technology Group PLC - Theale, England-headquartered producer of seaweed-based ingredients for animal feed - Hires Christopher Scott as chief financial officer, effective from January 15. Scott is currently finance director for UK & Ireland at dairy co-operative and consumer food manufacturer FrieslandCampina, and previously served in various senior finance positions at health and personal care product manufacturer Kimberly-Clark Corp. Interim CFO Andy Cox will continue in the role until Scott joins, before a transition period to ensure "efficient completion" of Ocean Harvest's 2023 audit and annual financial results.

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Titon Holdings PLC - Colchester, England-based ventilation systems and window & door hardware supplier - Hires Tom Carpenter as chief executive officer, effective from April 23. Carpenter is currently vice president of strategy & business development at US network infrastructure and digitisation company Belden Inc, where he has worked since 2016. His previous leadership roles include serving as CEO of M2FX Ltd. Company says he "has a track record of growing businesses both organically and inorganically".

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SDX Energy PLC - London-based energy company with exploration, development and production assets in Egypt and Morocco - Appoints Daniel Gould, who joined the company as managing director in May, as CEO and to the board as an executive director, with immediate effect. CFO William McAvock also joins board as an executive director, also effective immediately. Interim Executive Chair Jay Bhattacherjee will transition back to his role as non-executive chair on January 1. He will "remain active in supporting the Executives in delivering on the soon-to-be-released new growth strategy."

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Commonwealth Bank of Australia - Sydney-based lender - CEO Matt Comyn announces that David Cohen will finish role as deputy CEO on December 31. Bank says it created the role to support efforts to simplify its portfolio and increase focus on customer complaints and remediation. Says it has made "substantial progress" on legacy remediation programmes; because of this, and its announcement on November 16 regarding the sale of Indonesian subsidiary PT Bank Commonwealth, CBA says the deputy CEO role is no longer required. Cohen will continue to represent CBA on PT's board. He has worked at Commonwealth Bank for 15 years; Comyn says he was "instrumental in helping CBA become the simpler, better bank that our customers deserve."

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By Emma Curzon, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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18 Apr 2023 19:59

TRADING UPDATES: Terance Butler sells shares in Ocean Harvest

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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6 Apr 2023 19:39

IN BRIEF: Titon Holdings CEO to step down with immediate effect

Titon Holdings PLC - Colchester, Essex-based ventilation systems and window & door hardware supplier - Announces Chief Executive Alexandra French has agreed to step down and leave the board with immediate effect. Titon intends to start the search for a new CEO as soon as possible. Says senior leadership team under Carolyn Isom, Chief Financial Officer and Tyson Anderson, Deputy Chair, will lead the business in the interim. Keith Ritchie, non-executive chair of Titon said: "Current trading remains in line with the guidance set out by the board at the AGM on March 22."

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24 Mar 2023 16:01

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22 Mar 2023 12:53

Titon expects to return to profit as supply chain blockages ease

(Alliance News) - Titon Holdings PLC on Wednesday gave an optimistic full-year outlook, with the ventilation systems and window and door hardware supplier saying it continues to perform in line with expectations.

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22 Mar 2023 09:05

Titon trades in line YTD, 'confident' of future prospects

(Sharecast News) - Ventilation systems manufacturer Titon Holdings said on Wednesday that year-to-date trading was in line with management expectations and remains confident of future prospects.

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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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26 Jan 2023 14:28

IN BRIEF: Titon Holdings swings to loss on lack of raw materials

IN BRIEF: Titon Holdings PLC - Colchester, Essex-based ventilation systems and window & door hardware supplier - Swings to loss in the financial year that ended on September 30 as it cites shortage of raw materials, key components and labour. Annual pretax loss stands at GBP953,000, compared to a profit of GBP1.1 million a year ago. Revenue declines 5.7% to GBP22.1 million from GBP23.4 million. Notes weaker trading conditions in South Korea. Declares 2.5 pence per share full year dividend, down 56% from 4.5p a year prior.

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Copyright 2023 Alliance News Ltd. All Rights Reserved. 

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2 Dec 2022 19:33

TRADING UPDATES: Time Out eyes Riyadh; MTI Wireless wins deal

(Alliance News) - The following is a round-up of updates by London-listed companies, issued this week and not separately reported by Alliance News:

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29 Nov 2022 16:52

South Korea drags on Titon trading through year-end

(Sharecast News) - Titon updated the market on its expected results for the year ended 30 September on Tuesday, as well as on its outlook for the 2023 financial year.

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15 Sep 2022 14:04

IN BRIEF: Titon Chair Keith Ritchie moves to non-executive role

Titon Holdings PLC - Colchester, Essex-based ventilation systems and window & door hardware supplier - Says Executive Chair Keith Ritchie will move to be a non-executive chair, from October 1. Ritchie has been executive chair for ten years. Says this completes the board changes, which have been deigned to put in a place "a strong and experienced board to focus on delivering the group's strategy and financial performance, while ensuring that operational matters are managed at the level of the group's main subsidiary."

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22 Jul 2022 10:04

IN BRIEF: Titon shares drop on supply chain and inflation warning

Titon Holdings PLC - Colchester, Essex-based ventilation systems and window & door hardware supplier - Warns that its full year performance will be worse than expected as it anticipates the UK and Europe to be affected by shortages of raw materials as well as inflation. "In the last three months we have continued to see margin erosion from cost inflation and this has had a significant bearing on our financial results for the second half of the year. We will be putting through further price increases for our own products before the year-end to seek to mitigate the margin impact of these cost increases going forwards," Titon explains.

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22 Jul 2022 09:23

Titon Holdings warns on FY trading amid margin pressures

(Sharecast News) - Ventilation systems manufacturer Titon Holdings warned on Friday that its full-year trading performance would be weaker than previously expected as a result of both margin pressures and production and despatch issues.

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