Last checked at 14 Jan 2015 07:00
14 January 2015
Mercia Technologies PLC
Martin Lamb appointed as a non-executive director
Mercia Technologies PLC (AIM: MERC, "Mercia" or the "Group"), a Midlands based leader in the funding and commercialisation of technology businesses in the UK, is pleased to announce that Martin Lamb has been appointed as a non-executive director with effect from 13 January 2015.
Martin James Lamb (55) retired from IMI plc ("IMI") at the end of 2013 after 33 years with the company, the last 13 as Chief Executive. He oversaw a fundamental reshaping of IMI, moving it from a largely European-based conglomerate with a heavy building materials content, to a highly differentiated and global engineering group focused on the precise control of fluids and gases in critical applications. As a result, IMI sold and acquired over 30 companies and more than doubled its operating margins.
Based in the Midlands, Martin holds a degree in Mechanical Engineering from Imperial College London and has an MBA from Cranfield Business School. He is a non-executive director of Severn Trent plc and Rotork plc. In addition, he is Chairman of privately owned Evoqua Water Technologies LLC and a member of the European Advisory Board of AEA Investors (UK) Limited.
Martin joins the Audit Committee.
He currently holds 100,000 shares in Mercia.
There are no further details to be disclosed under Rule 17 and Schedule 2 paragraph (g) of the AIM Rules.
Ray Chamberlain, Chairman of Mercia Technologies PLC, said:
"We are delighted to welcome Martin as a fellow industrialist. His record speaks for itself and his deep understanding of advanced engineering and UK innovation in general will be invaluable across the Group.
"As one of the Midland's leading industrialists of his generation, Martin shares our drive for generating shareholder value through the creation, funding, support and rapid commercialisation of technology businesses with an emphasis in the Midlands and the North of the UK."
Enquiries:
Mercia Technologies PLC (www.merciatechnologies.com) | +44 (0) 330 223 1430 |
Ray Chamberlain, Chairman | |
Cenkos Securities | +44 (0) 20 7397 8900 |
Ivonne Cantu / Michael Johnson | |
Instinctif Partners | +44 (0) 20 7457 2020 |
Adrian Duffield / Kay Larsen |
Note to editors
Mercia Technologies PLC
Mercia creates, funds and develops technology businesses nationally with an emphasis in the Midlands and the North of the UK. It brings technology transfer, company formation, incubation, commercialisation and investment, to technology ventures.
Mercia has a well seeded portfolio and pipeline of investments. The Group has a direct investment in 11 operating companies and access to a portfolio of 38 businesses through its third party funds, managed by its wholly owned subsidiary Mercia Fund Management.
Mercia's shares started trading on AIM on 18 December 2014.