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Pin to quick picksTiton Share News (TON)

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Share Price: 85.00
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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 2022 Alliance News Limited. All Rights Reserved.

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12 May 2022 11:59

IN BRIEF: Titon shares fall on swing to interim loss on reduced sales

Titon Holdings PLC - Essex-based ventilation and hardware manufacturer and supplier - Swings to a pretax loss of GBP250,000 in the six months to March 31 from a profit of GBP549,000 a year before. Blames this on administrative expenses, which rose 8.7% to GBP2.5 million from GBP2.3 million, and on lower revenue. Reports net revenue of GBP11.5 million, down 1.7% from GBP11.7 million a year before. Blames this on weaker trading conditions in Korea and reduced sales in Europe. Declares interim dividend of 1.5 pence, unchanged from a year before. Says trading in the second half remains "subdued" due to component shortages. Expects these conditions to continue in "the immediate term".

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12 May 2022 10:47

AIM WINNERS & LOSERS: Arc Minerals "turning point"; Titon posts loss

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Copyright 2022 Alliance News Limited. All Rights Reserved.

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22 Apr 2022 11:41

EXECUTIVE CHANGES: Titon hires 20-year Johnson Matthey exec as new CEO

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

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22 Apr 2022 07:37

Titon Holdings names Alexandra French as CEO

(Sharecast News) - Ventilation systems manufacturer Titon Holdings revealed on Friday that Alexandra French had been tapped to take over as chief executive officer.

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IN BRIEF: Titon founder steps down from board, remains president

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25 Feb 2022 15:52

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Copyright 2022 Alliance News Limited. All Rights Reserved.

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Copyright 2022 Alliance News Limited. All Rights Reserved.

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