LONDON (Alliance News) - Quantum dots and nanomaterials company Nanoco Group PLC on Thursday named David Blain as its new chief financial officer, poaching him from fellow AIM-listed Inspired Capital PLC, a trade finance provider.
Blain will join the board of Nanoco on August 3 and takes over from interim chief financial officer Mark Sullivan.
"We are delighted that David Blain is joining the Nanoco management team as chief financial officer at this exciting stage in the company's development. David has a wealth of financial and commercial experience and we look forward to his contribution to the future growth of Nanoco," said Nanoco Chief Executive Michael Edelman.
Inspired Capital confirmed Blain's departure and said it has started the process of identifying a replacement.
Nanoco shares were down 0.7% to 103.25 pence on Thursday, while Inspired Capital shares were up 1.0% to 15.525 pence.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
Copyright 2015 Alliance News Limited. All Rights Reserved.
Nanoco (NANO)