(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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Petrofac Ltd - Jersey-registered, London-based provider of oilfield services - Chief Financial Officer Alastair Cochran resigns from Petrofac to take up a new role on September 1. Petrofac promotes Treasurer & Head of Tax Afonso Reis e Sousa to CFO and the board. "Alastair has pioneered our transformation back to a capital-light business and leaves Petrofac strongly positioned for efficient and effective execution as markets recover and we rebuild our order book," says Chief Executive Officer Sami Iskander. A former Royal Dutch Shell PLC executive, Iskander joined Petrofac in November and took over as CEO in January.
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Chesnara PLC - Preston, England-based life and pensions - CEO John Deane will retire by the end of the year, after six years in charge. Steve Murray is selected to replace Deane, joining later in the year. Murray currently is chief commercial officer for Royal London Mutual Insurance Society Ltd.
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Concurrent Technologies PLC - Colchester, Essex-based maker of embedded computer boards - Hires Miles Adcock as CEO and executive director, starting June 21. Managing Director Jane Annear retires after 36 years working for the company and two years as MD. Adcock is president of Space Imaging at Teledyne Technologies Inc. Prior to Teledyne, he held senior roles at defence technology firm QinetiQ Group PLC.
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Mode Global Holdings PLC - London-based bitcoin banking app - Appoints Ryan Moore, an existing board director, as the company's first CEO, effective immediately. Founder Jonathan Rowland will remain as chair. Moore was an early investor in Mode and has worked for US oil field services firm Baker Hughes Co. Moore is interested in 6.5 million Mode shares, via Tulham LLC and Keve Family Ltd Partnership. Rowland is interested in 19.0 million, a 21% stake.
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Greencare Capital PLC - invests in medicinal cannabis sector - Hires Richard Tonthat as CEO, effective immediately. Fabio Carretta steps down from the board but will continue to support the company in capital market activities. Non-Executive Director Nicholas Lee is promoted to non-executive chair, also immediately. Tonthat is a chartered account who worked with PricewaterhouseCoopers and Grant Thornton. He also has been an independent consultant advising on mergers & acquisitions, debt financing and equity investments, including working with British American Tobacco PLC on an investment in a Canadian cannabis producer. Last month, BAT bought just under a 20% stake in Organigram Holdings Inc, with the investment valued at GBP126 million.
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By Tom Waite; thomaslwaite@alliancenews.com
Copyright 2021 Alliance News Limited. All Rights Reserved.
Petrofac (PFC)
Chesnara (CSN)
British American Tobacco (BATS)
Qinetiq (QQ.)
Concurrent Technologies (CNC)
R8 Capital Inv (MODE)