Environmental Recycling Tech. PLC New chairman appointment and directorate changes (6984A)
September 30 2015 - 4:02AM
UK Regulatory
TIDMENRT
RNS Number : 6984A
Environmental Recycling Tech. PLC
30 September 2015
Environmental Recycling Technologies plc
New chairman appointment and directorate changes
Environmental Recycling Technologies plc (AIM: ENRT), the patent
rights holder to the Powder Impression Moulding ("PIM") process
which converts mixed waste plastics into commercially viable
products, is pleased to announce a restructuring of the board of
the Company which will take immediate effect.
Thomas Michael Strafford Rowan, known as Michael, has been
appointed as Executive Chairman of Environmental Recycling
Technologies plc (ERT), to take up the role immediately, succeeding
Ken Brooks, who will retire from the Board after 18 years as a
director. In addition Roger Baynham, Jeremy Allen, John Mayfield,
Matt Cooper and Ash Patel have resigned from the board.
Mr Rowan qualified as a solicitor and is an experienced
corporate financier with a broad range of international commercial
and legal experience. After graduating from Gonville & Caius
College at the University of Cambridge, he practised as a solicitor
at Linklaters in London, Hong Kong and New York, working with
leading global financial institutions.
He then moved to Merrill Lynch International and over a period
of 10 years in London and New York, he was one of the senior
members of Equity Capital Markets team, in which role he was
responsible for origination and, execution of equity and
equity-linked transactions. Since then he has held a number of
senior roles within the Venture Capital, Mid Cap Broking sectors
with Accelera Capital, Numis Securities and Charles Stanley
Securities in London and Hong Kong and was most recently Business
Development Director at JM Finn & Co. He is also a
Non-Executive Director at Active Energy Group Plc, an international
supplier of wood fibre products for MDF manufacturing and Biomass
for Energy power generation. In August 2015, Mr Rowan was appointed
to the Board of AIM listed company Active Energy Group Plc.
The following details in relation to the appointment of Mr.
Rowan, aged 49, are disclosed in accordance with Schedule 2(g) of
the AIM Rules:
Current directorships Past directorships held
within last five years
---------------------------------- ------------------------------------
Active Energy Group Voiamo Group plc
plc
Rowan & Associates
Ltd.
RD Active Capital Limited
Mr Rowan is deemed beneficially to be interested in 1,170,000
ordinary shares in the Company's issued share capital.
There are no other disclosures required in accordance with
Schedule 2(g) of the AIM Rules.
Chairman Ken Brooks said: " As we form new strategic alliances
for the Company we have evolved to a board structure which is more
appropriate for the business. I am delighted to welcome Michael to
the board to succeed me as Chairman. He has extensive experience
and knowledge of capital markets and will be a considerable asset
to the board. I would also like to thank Roger Baynham, Jeremy
Allen, John Mayfield, Matt Cooper and Ash Patel for their valued
contributions to the board."
For further information:
Environmental Recycling
Technologies plc 01993 779 468
Michael Rowan (Executive
Chairman)
Lee Clayton (Managing
Director)
W H Ireland 01179 453 470
John Wakefield
Kreab 020 7074 1800
Robert Speed
This information is provided by RNS
The company news service from the London Stock Exchange
END
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