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13 Dec 2018 07:01
TUNGSTEN CORPORATION PLCĀ
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("Tungsten" or the "Company")
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For Immediate Release
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13 December 2018
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Board Changes
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Tungsten Corporation plc, a global business transaction network, announces changes to the board of the Company.
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We are pleased to announce that Andrew Doman has been appointed to the Board as a non-executive director with immediate effect.
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Andrew Doman is an experienced non-executive director. He is Chairman of Castle Trust andĀ a non-executive director at Target Group. He was previously a non-executive director at OneSavings Bank (2016-8), Chief Executive Officer of Premium Credit (2012-5), and he was Chairman of Russell Investments (2011-2) having been President and CEO from 2009. He was also a non-executive director of Wesleyan Assurance Society (2008-9).
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Andrew spent 22 years at McKinsey & Co, where his clients included a number of leading UK and European financial services companies. He focused on performance improvement and turnaround strategy. He has degrees in Medicine & Surgery, and Economics, and also holds an MBA.
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Alongside this new appointment, David Benello and Ian Wheeler have informed the Board that they wish to retire as non-executive directors of the Company with immediate effect.
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The existing Board of Tungsten welcomes Andrew to the Board, and the new Board wishes to express its gratitude to each of its members that have retired this year for their service to the Company.
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Enquiries:
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Tungsten Corporation plc Richard Hurwitz, Chief Executive Officer David Williams, Chief Financial Officer Ā | Ā +44 20 7280 7713 Ā | |
Panmure Gordon (Nominated Advisor) Dominic Morley | +44 20 7886 2500 Ā Ā | |
Canaccord Genuity Limited (Broker) Simon Bridges/Emma Gabriel | +44 20 7523 8000 Ā Ā | |
Montfort Communications Limited (Financial Communications) Robert Bailhache - email | +44 20 3770 7908 Ā |
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Andrew Spencer Doman, age 67, is currently or has been a director of the following companies within the past five years:
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Current Directorships 77 Holland Park Management Limited Castle Trust Capital Management Limited Castle Trust Capital Nominees Limited Castle Trust Capital PLC Elderbridge Limited Harlosh Limited Omni Capital Retail Finance Limited Target Financial Systems Limited Target Group Limited Target Servicing Limited Ā | Previous directorships Direct Debit Management Services Limited Mizzen Bidco Limited Mizzen Mezzco 2 Limited Mizzen Mezzco Limited Mizzen Midco Limited OneSavings Bank PLC Premium Credit Limited Thomas Cook Money Limited Vendcrown Limited Ā |
There are no further disclosures required in accordance with AIM Rule 17 and Schedule Two paragraph (g) of the AIM Rules for Companies.
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About Tungsten CorporationĀ plc
Tungsten Corporation (LSE: TUNG) aims to be the world's most trusted business transaction network by using data intelligently to strengthen the global supply chain.
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Tungsten Network is a secure business transaction network that brings businesses and their suppliers closer together with unique technology that revolutionises invoice processing, maximises efficiency and improves cash flow. Delivering trusted connections and streamlined transactions, the network also provides users with real-time spend analysis and offers access to trade finance through Tungsten Network Finance.
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Tungsten Network processes invoices for 74 percent of the FTSE 100 and 71 percent of the Fortune 500. It enables suppliers to submit tax compliant e-invoices in 48 countries, and last year processed transactions worth over Ā£164bn for organisations such as Alliance Data, Cargill, Deutsche Lufthansa, General Motors, GlaxoSmithKline, MondelÄz International, Henkel, IBM, Kellogg's and the US Federal Government.
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