28 Feb 2013 07:01
28 February 2013
PhotonStar LED Group Plc
Russell Banks appointed finance director
PhotonStar LED Group plc (AIM: PSL, "PhotonStar" or "the Group"), the British designer and manufacturer of smart LED lighting solutions, has appointed Russell Banks as Group Finance Director with effect from 2nd April 2013. David Holloway, the current finance director is stepping down and will leave the Group.
A certified accountant with 25 years' experience within the commercial sector, Russell was previously Chief Financial Officer at Ark Therapeutics plc. Prior to that he was Senior Director of Finance, Europe at NASDAQ listed biopharmaceutical company, Cephalon Inc, and until 1998 he was Group Financial Controller at mail order business, Compton & Woodhouse Ltd.
A Fellow of the Association of Chartered Certified Accountants, Russell holds a BSc in Economics and Accountancy from the University of Wales Institute of Science and Technology.
James McKenzie, Group Chief Executive, commented:
"Russell brings a wealth of commercial and finance experience and his expertise will be invaluable as we continue our rapid growth. We are pleased to welcome him to the Board and I would like to thank David for his contribution at this pivotal time."
Disclosures required pursuant to paragraph (g) of Schedule 2 of the AIM Rules:
Russell Anthony Banks (aged 46) currently holds, and has during the last five years immediately preceding the date of this announcement held, the following directorships or partnerships:
Current: |
Previous: |
A2O Enterprises Limited | Ark Therapeutics Limited Cephalon Europe |
There are no further matters to be disclosed pursuant to paragraph (g) of Schedule 2 of the AIM Rules.
For further information:
PhotonStar LED Group PLC (www.photonstarled.com) | |
James McKenzie - Group Chief Executive | +44 (0)2381 230381 |
finnCap | |
Geoff Nash/Charlotte Stranner (Corporate finance) Brian Patient (Corporate broking) | +44 (0)20 7220 0500 |
College Hill | |
Adrian Duffield/Rozi Morris | +44 (0)20 7457 2020 |
Note to editors:
About PhotonStar LED Group PLC
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.