UK EXECUTIVE CHANGE SUMMARY: Provident Financial Taps Former MP James

Mon, 27th Jul 2020 17:58

(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Monday and not separately reported by Alliance News:

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Provident Financial PLC - Bradford, West Yorkshire non-standard lending - Appoints Margot James, a former UK member of Parliament, as an independent non-executive director from Monday. Prior to serving as an MP from 2010 to 2019, James founded Shire Health Group in 1985. Shire was acquired by WPP PLC in 2000.

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Vodafone Group PLC - Newbury, Berkshire-based telecommunications - David Thodey resigns as non-executive director and won't seek re-election at Tuesday's annual general meeting, "as his other commitments could be regarded as affecting his ability to make a full contribution to the board". Vodafone says it has no immediate plans to replace Thodey, "as it considers the composition of the board will remain appropriate in terms of its size, independence, and diversity".

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PowerHouse Energy Group PLC - Bingley, West Yorkshire-based hydrogen production from waste plastic technology - Hires Allan Vlah as a non-executive director. Vlah is director of Aviva Investors' infrastructure group, and prior to that was a vice president at the Macquarie European Infrastructure Fund.

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Ascent Resources PLC - onshore energy in Caribbean and Europe - Makes board changes "in anticipation of the initiation of Cuban operations". Non-Executive Director Leonardo Salvadori moves to part-time role of technical director and steps down from board on October 1. New non-executive directors from October 1 are Stephen Birrell, a geologist who is a director of Ossian Energy Ltd and the president of ROPEPCA, the upstream oil and gas operator association of Romania, and Malcolm Graham-Wood, a corporate broker and founding partner of oil and gas advisory HydroCarbon Capital.

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Tekcapital PLC - London-based intellectual property investment group - Malcolm Groat steps down from board at Monday's AGM. Konrad Dabrowski promoted from financial controller to non-board chief financial officer.

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SIMEC Atlantis Energy Ltd - Edinburgh-based sustainable energy projects - Ian Wakelin resigns as non-executive director from October to become chair of Viridor Group, the waste firm whose sale by Pennon Group PLC to funds advised by Kohlberg Kravis Roberts & Co LP was completed earlier this month.

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Energean PLC - Mediterranean-focused gas producer - Hires Kimberley Wood and Andreas Persianis as independent non-executive directors. Wood replaces Ohad Marani, who steps down from the Energean board to join the board of subsidiary Energean Israel Ltd. Persianis replaces David Bonnano, also stepping down from the board. Wood is an energy lawyer and senior consultant at Norton Rose Fulbright LLP. She also is a director of Gulf Keystone Petroleum Ltd. Persianis is managing director of Fiduserve Asset Management in Cyprus.

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Carr's Group PLC - Carlisle, Cumbria-based agriculture and engineering group - Hires Kristen Weldon as independent non-executive director, joining on October 1. Weldon was an executive with agricultural commodities trader Louis Dreyfus Co and prior to that was with private equity investor Blackstone.

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James Cropper PLC - Kendal, Cumbria-based advanced materials and speciality paper - Karl Watson resigns as director from August 1.

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Cambridge Cognition Holdings PLC - Cambridge, England-based digital solutions to assess brain health - Eric Dodd retires from board at Monday's AGM, after six years.

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Star Phoenix Group Ltd - oilfield services business in Trinidad and oil & gas interest in Indonesia - Receives requisition for general meeting to remove YuFeng Meng as director. Requisition is from 16.7% shareholder Thesolia Ltd. Meeting must be called within 21 days of Monday's notice and held within two months, under Australian rules. Company says it is considering the validity of the notice.

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By Tom Waite; thomaslwaite@alliancenews.com