Quadrise Fuels International PLC Directorate Change (7982E)
July 21 2016 - 2:00AM
UK Regulatory
TIDMQFI
RNS Number : 7982E
Quadrise Fuels International PLC
21 July 2016
21 July 2016
Quadrise Fuels International plc
("Quadrise", "QFI" or the "Company")
Directorate Change: Retirement of Non-Executive Director
Quadrise Fuels International plc (AIM: QFI) is the emerging
manufacturer and supplier of MSAR emulsion fuels, a low cost
alternative to heavy fuel oil (one of the world's largest fuel
markets comprising in excess of 450 million tons per annum) in the
global shipping, refining and steam and power generation
markets.
Quadrise announces that Dr. Ian Duckels, a Non-Executive
Director of the Company, will be retiring as a director of Quadrise
immediately after the 2016 AGM to be held during the last quarter
of 2016. Dr. Duckels has been a director of the Company since
September 2008 and will have served for over 8 years on his
retirement. Prior to joining the board of QFI, Dr. Duckels had
served as a director of Quadrise Limited from 1998 until its
acquisition by QFI in 2006, following which he provided consultancy
services to QFI.
QFI has an organised succession planning process in place and so
will manage the transition smoothly, without needing to recruit an
additional non-executive director at this stage. Philip Snaith, who
was appointed as a Non-Executive Director in 2014, will succeed Dr
Duckels as Chairman of the Remuneration Committee immediately after
the 2016 AGM.
Mike Kirk, Executive Chairman of Quadrise said:
"Ian has made a significant contribution to the development of
QFI and I have found his input hugely helpful during my transition
from Non-Executive Director to Executive Chairman in April of this
year. I look forward to continuing to work with Ian until the AGM
and I and the board wish Ian all the best when he takes his well
deserved retirement later this year."
Quadrise Fuels International plc
Mike Kirk, Executive Chairman +44 (0)20 7031 7321
Hemant Thanawala, Finance Director
Jason Miles, Chief Operating Officer
Nominated Adviser
Smith & Williamson Corporate Finance Limited
Dr Azhic Basirov +44 (0)20 7131 4000
Ben Jeynes
Broker
Peel Hunt LLP
Richard Crichton +44 (0)20 7418 8900
Ross Allister
Public & Investor Relations
Bell Pottinger
Daniel Thöle +44 (0)20 3772 2569
This information is provided by RNS
The company news service from the London Stock Exchange
END
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