25 May 2012 07:00
25 May 2012
PhotonStar LED Group plc
Appointment of Interim CFO Services
PhotonStar LED Group plc (AIM: PSL, "PhotonStar" or "the Group"), the British designer and manufacturer of smart LED lighting solutions, has announced the appointment of CFO Solutions Limited to provide Interim CFO services to the Group. This appointment is being made pending the recruitment of a replacement for CFO Ceri Jones, who leaves the business today, following a handover, as announced 28 March 2011.
CFO Solutions, based in Chichester, West Sussex, provides outsourced Finance Director services to both public and private companies in London and the South East. Principals Nigel Souster and Nigel Lee, between them have over 40 years' experience working at Big 5 accountancy firms. Nigel Souster was a partner at PricewaterhouseCoopers in Southampton for 20 years, whilst Nigel Lee brings a wealth of experience from 11 years at PricewaterhouseCoopers, and more recently as a Finance Director and Controller in a number of IT companies.
CFO Solutions has had a long standing relationship with PhotonStar having been involved with the business since its inception and has recently been advising the Board.
James McKenzie,CEO of PhotonStar LED Group PLC, commented
"CFO Solutions, and Nigel Lee in particular, has provided the financial support and advice needed to guide PhotonStar LED from its start in 2007 to the reverse take-over of Enfis in 2010.
"This experience and deep understanding of the PhotonStar business makes CFO Solutions the obvious choice for the interim CFO role."
For further information:
PhotonStar LED Group PLC (www.photonstarled.com) | |
James McKenzie - Group Chief Executive | +44 (0)2381 230381 |
finnCap | |
Geoff Nash/Charlotte Stranner Brian Patient (broking) | +44 (0)20 7220 0500 |
College Hill | |
Adrian Duffield/Jon Davies | +44 (0)20 7457 2020 |
Note to editors
About PhotonStar LED Group PLC: http://www.photonstarled.com
PhotonStar LED Group PLC ("PhotonStar" or the "Group") is a British designer and manufacturer of smart LED lighting solutions. The Group's proprietary technology seamlessly integrates LEDs, sensors and controls to provide intelligent lighting for commercial and architectural applications which benefit from greater CO2 reduction, lower cost of ownership & improved functionality compared to other available light sources. PhotonStar's lighting products have won numerous awards for performance, innovation and reliability, and are unique in the industry for the use of recycled, and recyclable materials, which means they have 90% less embodied CO2 than equivalent products providing the same levels of illumination.
PhotonStar comprises two divisions: LED Lighting Fixtures which works with lighting designers, architects, house builders, facilities management companies and sustainability consultants to provide intelligent, high-end LED lighting solutions for the commercial and architectural market, and LED Light Engines which provides LED lighting solutions for specialist applications such as film & television production lighting, UV curing and medical applications.
PhotonStar is based in Romsey, Hampshire with manufacturing in Wales. The Group was admitted to AIM in December 2010.