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EXECUTIVE CHANGES: CEO departs after GLI Finance becomes Sancus

Wed, 02nd Jun 2021 16:02

(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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Sancus Lending Group Ltd - Guernsey-based alternative property finance - Andy Whelan resigns as chief executive officer, leaving on June 30, when he will be replaced by Rory Mepham as interim CEO. Mepham currently is in charge of funding and origination, having joined the company in January. Dan Walker, who currently is chief operating officer and managing director of Sancus UK, will become deputy CEO. Walker joined the company in 2018 from Lloyds Banking Group PLC, where he was director of Strategic Transactions. The changes follow refinancing and restructuring at Sancus, including renaming itself from GLI Finance Ltd, which was approved by shareholders earlier this month. This is to reflect its focus on the property bridging and development finance activities of the Sancus subsidiary.

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Cambridge Cognition Holdings PLC - Cambridge, England-based neuroscience technology - Adds Chief Financial Officer Mick Holton to board as executive director, effective immediately. Holton joined Cambridge Cognition in January from Biome Technologies PLC, where he was interim CFO. He previously worked for what is now Walgreens Boots Alliance Inc.

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Dispersion Holdings PLC - investor in decentralised finance, which uses blockchain and cryptocurrencies to remove financial intermediaries from transactions - Adds CFO Nick Lyth to board, effective immediately. Dispersion listed on Aquis Stock Exchange in late April, raising GBP9 million in its initial public offering and GBP2.2 million in pre-IPO fundraisings.

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e-Therapeutics PLC - Oxford, England-based drug discovery - Hires Alison Gallafent as head of Intellectual Property. Gallefent was head of IP at fellow AIM listing Silence Therapeutics PLC and also worked at Merck & Co Inc and Glaxo Wellcome.

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SDX Energy PLC - gas production in Egypt and exploration & development in Morocco - Amr Al Menhali will retire as director at annual general meeting on June 25, having left shareholder Waha Capital. Al Manhali had joined the SDX board back in September 2019, having been named CEO of Waha, which is SDX's largest shareholder, with a 19.5% stake.

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By Tom Waite; thomaslwaite@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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