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7 Oct 2010 07:00
7 October 2010
Biome Technologies ("the Group")
Board Changes
Biome Technologies announces that Elizabeth Filkin, Senior Independent Non-Executive Director, has resigned from the Board. Elizabeth has served on the Board for the past 7 years and her resignation was effective as of 6 October.
The Group is pleased to announce the appointment of Michael Kayser as a Non-Executive Director with effect from 6 October 2010. Michael will chair the Group's Audit and Remuneration Committees.
Michael has extensive experience in both the chemicals sector and in senior management positions in companies with international operations. This experience includes being Group Finance Director at Laporte PLC for five years and Finance Director of Guinness Brewing Worldwide. He is currently Non-Executive Director of Stobart Group plc.
John Standen, Chairman of Biome Technologies, commented:
"The Board of Biome Technologies has been privileged to have someone of Elizabeth Filkin's calibre for so long, and she has brought great wisdom and high standards to our Board table. We thank her warmly and wish her well for the future.
"We are delighted to welcome Michael Kayser to the Board. We are confident his high quality experience and skills will complement our Board going forward and help us continue our growth path successfully."
Michael has held the following directorships during the last five years:
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Current Directorships |
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March 2008 to present |
Stobart Group plc, Non-Executive Director |
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Past Directorships |
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April 2008 to December 2009 |
Premium Aircraft Interiors Group, Group Finance Director |
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April 2007 to March 2008 |
Lloyd's Register, Finance & Operations Director |
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April 2004 to March 2007 |
Lloyd's Register, Group Finance Director |
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Michael does not hold any ordinary shares in the Company.
Save for the above, there is no further information required to be disclosed under paragraph (g) of Schedule 2 of the AIM Rules, with respect to the appointment of Michael Kayser.
- Ends -
For further information please contact:
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Biome Technologies plc |
023 8086 7100 |
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Paul Mines / Sue Bygrave |
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Financial Dynamics |
020 7831 3113 |
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Jonathon Brill / Caroline Stewart |
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Singer Capital Markets 020 3205 7500
Shaun Dobson/James Maxwell
Notes to Editors
Biome Technologies plc is an AIM listed, growth oriented, commercially driven technology group. The Group is split into two divisions: Bioplastics and Stanelco RF Technologies.
The Group's primary activity is the development of its fast growing business in bioplastics. It is a leading innovator and supplier of biodegradable natural polymers that replace and enhance products made from oil based materials. The Group's strategy is founded on building market leading positions based on patented technology, serving international customers in valuable market sectors.
The Group is engaged with a variety of large-scale international customers and partners on a number of key commercial and development partnerships.
To find out more please visit www.biometechnologiesplc.com.
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