Last checked at 1 Sep 2011 07:01
1 September 2011
Biome Technologies plc ("the Company")
Directorate Changes
Biome Technologies plc today announces that Declan Brown will be joining the Board shortly as Group Finance Director.
Declan, aged 37, was previously Chief Financial Officer at V.Ships Capital and has held senior financial positions at Philip Morris Limited, and Sappi Fine Paper plc, the world's leading producer of coated fine paper. Declan completed his chartered accountancy qualification whilst working for KPMG. Declan will be joining the Board as Group Finance Director in November.
The Company also announces that Sue Bygrave is resigning from her position as Finance Director to pursue other opportunities. Sue will leave the Company at the end of October.
John Standen, Chairman, commented:
"The Board would like to thank Sue for her considerable contribution to the successful development of Biome Technologies and wish her well in her future endeavours.
We are delighted Declan has chosen to join Biome. He has held senior financial positions at a number of large international companies and the Board looks forward to benefiting from his experience and enthusiasm as the Company continues to execute its growth strategy."
There are no further disclosure obligations under Schedule Two, paragraph (g) of the AIM Rules.
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For further information please contact:
Biome Technologies plc
Paul Mines, Chief Executive Officer
Sue Bygrave, Group Finance Director
www.biometechnologiesplc.com Tel: +44 (0) 2380 867 100
Daniel Stewart & Company plc
Oliver Rigby/Martin Lampshire
www.danielstewart.co.uk Tel: +44 (0) 20 7776 6550
First Columbus
Chris Crawford/Kelly Gardiner
www.first-columbus.com Tel: +44 (0) 20 3002 2070
Financial Dynamics
Oliver Winters Tel: +44 (0) 20 7831 3113
Notes to Editors
Listed on AIM in July 2010, the activities of Biome operate in two divisions; Bioplastics and Stanelco RF Technologies. Both divisions are underpinned by the Group's skills in the commercialisation and development of innovative technology.
The Group's core strategy is to develop and broaden its bioplastics business organically and is engaged with a variety of large-scale international customers and partners on a number of key commercial and development partnerships. These target applications in the food, horticulture and the electronics markets, amongst others, further enhance the Group's existing and new product development.