Angle Regulatory News (AGL)

1 Aug 2005 07:01

Angle PLC01 August 2005 For Immediate Release 1 August 2005 ANGLE plc ("ANGLE" or the "Company") Formation of Executive Management Board and Board Change ANGLE plc, the venture management and consulting company specialising in thecommercialisation of technology and the development of technology-based industryannounces the formation of an Executive Management Board which will reportdirectly to the ANGLE plc Board. In recognition of the Company's recent successes, rapid expansion and futureprospects across the United Kingdom, United States and the Middle East, ANGLEhas strengthened its management structure and promoted Stephen Bates, currentlyDirector of UK Ventures, to UK Chief Executive. Responsibility for HR,marketing, IT and operations will now be devolved from the Board to regionalchief executives ensuring full responsibility for all activities in theirrespective regions. With immediate effect, the Executive Management Board will consist of Group CEO,Andrew Newland and Finance Director, Ian Griffiths, together with: Stephen Bates, UK Chief Executive Stephen Bates has an MA in engineering, and an MBA. Following 10 years withinthe product development industry his career has taken him to ScientificGenerics, Arthur D. Little and Marks & Spencer prior to joining ANGLE in 2004.Dr Gary Evans, US Chief Executive Gary Evans has a BSc in Chemistry, a PhD in Physical Chemistry, and a Diploma inManagement Science and was Visiting Professor in Innovation Management at theRobert Gordon University, Aberdeen. Following a career with Cambridge LifeSciences and then Scottish Enterprise, Dr. Evans joined ANGLE in 1997. Dr Eulian Roberts, Middle East Chief Executive Eulian Roberts has a BSc in Microbiology, a PhD in Molecular Biology and an MBA.He gained three years' post-doctoral experience and then joined ScottishEnterprise. He then became chief executive of the Stirling University InnovationPark, managing director of Coventry University Enterprises Limited and adirector of the UK Science Park Association. Dr Roberts joined ANGLE in 1998. As a result of these changes, Dawson Buck will be stepping down from hisposition as Deputy Chief Executive, with immediate effect. He remains a directorof ANGLE's venture companies, Corpora plc and Provexis plc. Commenting on the new organisational structure, Group CEO, Andrew Newland, said: "The formation of an Executive Management Board establishes a clear managementstructure and accountability by region which will improve the efficiency andintegration of our Consulting & Management and Ventures operations, streamlineoverheads and facilitate our continuing rapid growth. The new management structure gives us the platform we need to grow the businesssubstantially. I am delighted to have such high calibre individuals within theExecutive Management Board. I would also like to put on record my thanks to Dawson Buck for all hiscontributions to the ANGLE Board over the last five years." For further information ANGLE plcAndrew Newland, Chief Executive Tel: +44 (0)1483 295830 Buchanan Communications Tel: +44 (0)20 7466 5000Richard Darby, Suzanne Brocks, James Strong Notes to Editors Founded in 1994, ANGLE is an international venture management and consultingcompany focusing on the commercialisation of technology and the development oftechnology-based industry. ANGLE creates, develops and advises technologybusinesses on its own behalf and for its clients. ANGLE is listed on AIM (AGL.L); further information can be found onwww.ANGLEplc.com This information is provided by RNS The company news service from the London Stock Exchange