LONDON (Alliance News) - Provexis PLC on Friday hired Niamh O'Kennedy as chief scientific officer at the food supplement firm with immediate effect, and made a number of other adjustments to executive roles.
O'Kennedy has been working with Provexis since 2000, and was "pivotal" in the development of its lead product, Fruitflow.
"I am delighted Niamh is joining the board as an executive director," Non-Executive Chair Dawson Buck said.
"The company remains well placed to maximise the numerous commercial opportunities which the company and DSM have been pursuing for Fruitflow, to include the company's planned collaboration with By-health in the vast Chinese market, and Niamh is expected to play an important role for the business as these opportunities are progressed."
In addition, Finance Director Ian Ford has had his role expanded to chief financial officer and chief operating officer. Meanwhile, Buck has dropped down to non-executive chair.
"These changes, which are effective immediately, have taken place to reflect the revised board composition and roles of the directors, and they will result in a net reduction to the total cash remuneration payable to these three individuals," Provexis explained in a statement.
Shares in Provexis were untraded at 0.28 pence on Friday.
Provexis (PXS)