LONDON (Alliance News) - Cadmium-free quantum dot and nanomaterial maker Nanoco Group PLC said on Monday it is to unify its chief financial and chief operating offer roles into one position.
As a result, Nanoco has hired NCC Group PLC's Chief Financial Officer Brian Tenner to fill the new position, effective from August 20.
Tenner was, before cyber security firm NCC Group, at Renold PLC and Scapa Group PLC.
The move comes as part of a reorganisation of Nanoco's board, following the departure of former Chief Operating Officer Keith Wiggins in June.
As a result, current CFO David Blain will be leaving the firm, also on August 20, but will remain with Nanoco until the middle of September to help with the handover.
Chief Executive Michael Edelman said: "On behalf of the whole team, I would like to thank David for the very significant contribution he has made to Nanoco as our chief financial officer over the past three years.
"He has been a key part of the team as we have driven our commercialisation strategy and maintained robust financing and tight control over costs. We wish him well for all his future endeavours."
Edelman continued: "I would like to welcome Brian to the team in this newly created role. His extensive experience will be invaluable to our executive team and the board as Nanoco continues to gain commercial momentum."
Shares in Nanoco were up 2.6% at 42.94 pence on Monday.
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Nanoco (NANO)