Last checked at 29 Mar 2007 07:00
Embargoed: not to be released until 7.00am on 29 March 2007 Surface Transforms plc ("Surface Transforms" or "the Company") Directorate Change
The Company announces that Julio Faria, Technical Director of the Company, will step down as an executive director in December 2007 and the intention is that he will thereafter remain on the board of Surface Transforms as a non-executive director. Mr Faria founded the Company in 1992 together with Professor David Clark, and, as the then managing director he first listed the Company on Ofex in December 2000 and then on AIM in September 2003. Since August 2005 he has occupied the role of Technical Director.
Following Mr Faria's move to non-executive director Dr Kevin Johnson and Dr. Maria
Hadjesoteriou will head up the Company's technical development team and assume responsibility for the ongoing development of the Company's products.
Kevin D'Silva, Chairman, commented
"Julio's early entrepreneurial vision in developing and then applying carbon ceramic technology to braking systems was the foundation of Surface Transforms. We are confident he will make a valuable ongoing contribution to the business in his forthcoming new capacity as a non-executive director.
For enquiries, please contact:
Surface Transforms plc 0151 356 2141
Dr. Kevin Johnson
Mr. Geoff Hall
John East & Partners Ltd (Nomad) 0207 628 2200
Simon Clements, David Worlidge
Teather & Greenwood (Broker) 0207 426 9000
Sindre Ottesen
Details of the Company's business and financial performance and its share price can be found on the Armshare icon on www.surface-transforms.com. A presentation of the 2006/7 interim results is also available on www.surface-transforms.com/ Investor and Media relations.
SURFACE TRANSFORMS PLC