Last checked at 8 Jul 2009 09:29
Rurelec PLC
("Rurelec" or "the Company")
Board Appointment
The Directors of Rurelec PLC (AIM: RUR), developers, owners and operators of power generation facilities in Latin America, are pleased to announce the appointment of Mr Andrew James Sinclair Morris as a Non Executive Director to the Board of the Company with immediate effect.
Andrew (aged 47) has considerable board experience and is currently the Commercial and Financial Director of Advanced Plasma Power Limited where he was instrumental in raising £7m of corporate investment into the business as well as successfully negotiating the associated international licence into restricted territories to develop plants using the company's technology. He has also been responsible for leading a number of negotiations and teams for business development to further enhance operations and is fully conversant with all aspects of financial control and reporting.
Prior to this position, Andrew was a Director of Bioethanol Limited where he assisted in the development of a bioethanol plant in the UK by contributing his considerable skills in raising awareness and leading negotiations. Andrew is a Fellow of the Chartered Association of Certified Accountants.
The following information, pursuant to Rule 17, Schedule ( g) is disclosed accordingly:
Current Appointments:
Advanced Plasma Power Limited
Previous Appointments:
Infinite Security Solutions Limited
EPOD Solar (Wales) Limited
Bioethanol Limited
Appointments at time of dissolution:
Andrew Morris Consulting Limited
Bioblend Plc
Bioethanol (UKL) Limited
Ukraine Biofuelds (UK) Limited
Commenting on Andrew's appointment, Peter Earl, Managing Director of the Company said:
"We are extremely delighted to welcome Andrew to the board of Rurelec and, having worked closely together in the past, we are fully aware of his excellent organisational and business development skills. Andrew has a wealth of experience which, together with the Company's proposed investment and expansion strategy, will create value to shareholders as we continue to grow the business."
Further information:
Peter Earl, Managing Director
RURELEC PLC Tel: + 44 (0) 20 7793 5610
Paul Shackleton/Tessa Smith
DANIEL STEWART & COMPANY PLC Tel: + 44 (0) 20 7776 6550
Note to Editor:
Rurelec PLC, a company incorporated in England & Wales, was established to develop, own and operate power generation capacity in Latin America. Quoted on AIM in August 2004, the Company is managed by a team with a strong track record in developing power projects and with considerable experience in the electricity sector in Latin America.
Rurelec's main business consists in the ownership and development of power generation facilities on the national grid and in isolated areas, selling electricity on commercial terms. The Company is now a significant power generator in Bolivia and Argentina.