14 May 2018 15:12
Verditek PLC("Verditek" or the "Company")
Directorate change
Verditek plc, (AIM: VDTK), the clean technology company, today announces that Janet Donovan will be stepping down from the board on 24 May 2018 and Tim Lord is being appointed as the Company's Chief Financial Officer (non-board), with immediate effect.
Tim's appointment supports the investment banking knowledge of the board and his extensive experience in financial control will bring a high level of expertise to ensure the Company's financial structure supports Verditek's businesses. He will also enhance the Company's relationships with the banking sector and the broader financial community. Tim, who holds a BSc(hons) in Physics from Imperial College London, will be able to bring added knowledge and understanding of Verditek's ground breaking technologies.
Over the past 20 years, Tim has held a number of CFO positions, including at JP Morgan, based in Japan, and as Global CFO for Société Générale, based in France, USA and Japan. Most recently he was the Financial Controller at Standard Chartered in Singapore and the UK.
Tim is a qualified Chartered Accountant and holds an MSc in Geophysics from Birmingham University.
Commenting on Tim Lord's appointment, Geoff Nesbitt, CEO of Verditek said:
"Tim's wealth of experience and insight into corporate finance will be a huge advantage as we continue to strengthen our commercial platforms and establish our position in the market.
The board would like to thank Janet for her energy and enthusiasm in helping launch Verditek and wish her success in the future."
Enquiries:
Verditek plc
Geoffrey Nesbitt, CEO +44 (0) 20 7129 1110
enquiries@verditek.com
Stockdale Securities Limited (NOMAD and Broker)
Antonio Bossi / David Coaten + 44 (0) 20 7601 6100
www.stockdalesecurities.com
Strand Hanson Limited (Financial Adviser)
James Harris / Ritchie Balmer / Jack Botros +44 (0) 20 7409 3494
www.strandhanson.co.uk
Whiteoaks International
Mary Fitzgerald +44 (0) 7795 284440
Bekki Bushnell + 44 (0) 7841 698586
verditek@whiteoaks.co.uk
About Verditek
Verditek plc (AIM: VDTK), the clean technology company is headquartered in London. Verditek is dedicated to commercialising proven technology that can deliver significant competitive advantage compared to conventional industrial solutions. From light-weight solar modules, cutting edge de-odourisation, and ground-breaking CO2 capture, Verditek is realising tomorrow's technologies today.
For further information, please visit www.verditek.com