Allied Minds PLC Jill Smith appointed interim CEO of Allied Minds (2139Z)
March 13 2017 - 3:01AM
UK Regulatory
TIDMALM
RNS Number : 2139Z
Allied Minds PLC
13 March 2017
13 March 2017
Jill Smith appointed interim CEO of Allied Minds
Co-founder Chris Silva to step aside
Appointment aligned to goal to accelerate commercial development
across the portfolio
This announcement contains inside information.
Boston, MA (13 March 2017) - Allied Minds (LSE: ALM) today
announces the appointment of Jill Smith as interim Chief Executive
Officer, succeeding Chris Silva who has stepped down from this
position and as a Director of the Company by mutual agreement with
the Company's Board of Directors. The changes are effective
immediately.
Jill Smith has served as a Non-Executive Director of Allied
Minds since January 2016 and has a successful track record over 25
years of leading public and private businesses in the technology
and information services sector, including 16 years operating as a
CEO. Most recently, Jill served as Chairman, Chief Executive
Officer and President of DigitalGlobe Inc. (NYSE: DGI), a global
provider of satellite imagery products and services, including
through its successful IPO in 2009. Among other roles, Jill also
previously served as: President and CEO of eDial, a voice-over IP
collaboration company, from start-up to sale of the business to
Alcatel in 2004; COO of Micron Electronics, a PC manufacturer; and
founder and Managing Partner of Treacy & Company, a strategy
consulting and boutique investment firm. Jill began her career as a
consultant at Bain & Company in London and Boston, where she
became a Partner. Jill holds a Master of Science degree in Business
Administration from the MIT Sloan School of Management.
Peter Dolan, Chairman of Allied Minds, commented "We are
delighted to welcome Jill Smith as the new CEO. With her extensive
international leadership and operating experience and track record
of delivering commercial success, we are confident that Jill brings
the right skills to the role at an important point in Allied Minds'
development. I would like to warmly thank Chris Silva, as
co-founder, for his contribution to building Allied Minds into a
key player in IP commercialisation. We wish him the very best in
his future endeavours."
Jill Smith commented "I am delighted to become CEO of Allied
Minds and look forward to building on the success of the business.
I am excited by the important role the company performs in bridging
the gap between US innovation and commercialisation and look
forward to working more closely with our subsidiaries to fully
exploit their potential."
Chris Silva commented "It has been a privilege to lead Allied
Minds since its creation in 2006. During this period it has grown
to become a global leader in IP commercialisation, focusing on
technologies with the potential to disrupt large and growing
markets. I am proud of the Company's accomplishments and grateful
for the support of our shareholders and the talented people who
work here. I believe now is the right time in the Company's
development for new leadership. In the near term I look forward to
spending more time with my family. Long term I will continue to be
an Allied Minds shareholder."
Jill Smith's appointment terms are in accordance with the terms
of the remuneration policy approved by shareholders. Jill Smith
currently serves as a Non-Executive Director of Endo International
plc (NASDAQ: ENDP) and Hexagon (NASDAQ Stockholm: HEXA B). She was
a Non-Executive Director of SoundBite Communications (NASDAQ: SDBT)
prior to its acquisition in 2013, and of Elster Group (NYSE: ELT)
prior to its acquisition in 2012. There is no further information
required to be disclosed pursuant to Listing Rule 9.6.13R relating
to Jill Smith.
Jill Smith will step down from her position as a Non-Executive
Director of Allied Minds and from the Audit Committee, and will
become an Executive Board Director. She will be replaced on the
Audit Committee by Kevin Sharer, effective immediately.
For more information, please contact:
Allied Minds plc Available via corporate
Peter Dolan, Chairman brokers / PR below
Credit Suisse International
Lewis Burnett +44 20 7888 8888
Numis Securities
Ben Stoop +44 20 7260 1000
Citigate Dewe Rogerson
Rob Newman / Shabnam Bashir +44 20 7638 9571
ENDS
Notes to editors:
Jill Smith CV
Currently serving as a Non-Executive Director on several
Boards
DigitalGlobe: 2005 - 2011
Chairman, CEO and President
(Satellite imagery company)
eDial: 2001 - 2005
CEO and President
(Voice-over IP collaboration
company)
Micron Electronics 1998 - 2000
COO / Executive Vice President
(PC manufacturer)
Treacy & Company: 1995 - 1998
Founder and Managing Partner
(Strategy consulting and
boutique investment firm)
SRDS 1994 - 1995
CEO
(Private B2B media information
and publishing company)
The Parthenon Group 1992 - 1994
Managing Principal
(Strategy and boutique
investment firm)
Sara Lee 1991 - 1992
Vice President, Personal
Products
(US consumer goods company)
Bain & Company 1985 - 1991
Promoted to Partner
(Strategy consulting)
Education:
MIT Sloan School of Management
(MSc Management) 1985
London Guildhall University
(BA Business Studies) 1982
About Allied Minds
Allied Minds is a diversified holding company focused on venture
creation within the life science and technology sectors. With
extensive access to hundreds of university and federal labs across
the U.S., Allied Minds forms, funds, and operates a portfolio of
companies to generate long-term value for its investors and
stakeholders. Based in Boston, with nationwide presence in Los
Angeles and New York, Allied Minds supports its businesses with
capital, central management, and shared services. For more
information, please visit www.alliedminds.com
Allied Minds Forward-Looking Statement
This press release contains statements that are or may be
forward-looking statements, including statements that relate to
Allied Minds' future prospects, developments and strategies. The
forward-looking statements are based on current expectations and
are subject to known and unknown risks and uncertainties that could
cause actual results, performance and achievements to differ
materially from current expectations, including, but not limited
to, those risks and uncertainties described in the risk factors
included in Allied Minds' regulatory filings. These forward-looking
statements are based on assumptions regarding the present and
future business strategies of Allied Minds and the environment in
which it will operate in the future. Each forward-looking statement
speaks only as at the date of this press release. Except as
required by law, regulatory requirement, the Listing Rules and the
Disclosure Guidance and Transparency Rules, neither Allied Minds
nor any other party intends to update or revise these
forward-looking statements, whether as a result of new information,
future events or otherwise.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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