Velocys PLC Appointment of Chief Financial Officer (2273O)
June 09 2022 - 2:02AM
UK Regulatory
TIDMVLS
RNS Number : 2273O
Velocys PLC
09 June 2022
9 June 2022
News Release
Velocys plc
("the Company")
Appointment of Chief Financial Officer
Velocys plc (VLS.L), the sustainable fuels technology company,
is pleased to announce the appointment of Philip Sanderson as an
Executive Director of the Company and as Chief Financial Officer ("
CFO ") with effect from 22 June 2022. This follows the Company's
announcement in February 2022 that Andrew Morris had advised of his
intention to step down as CFO and will not stand for re-election at
the Company's annual general meeting on 21 June 2022. To ensure a
smooth transition, Andrew will remain with the business for an
agreed period.
Philip joins Velocys with over 30 years of international finance
and commercial expertise in advanced fuels and lubricants, large
scale capital project execution and low carbon energy in a range of
divisions and affiliates of Shell Plc . Philip is joining us
directly from a role of Vice President Finance Global Marketing.
Philip has an impressive track record in commercial delivery,
strategic planning, corporate governance and consistently driving
shareholder value.
Philip's experience includes roles in business partnering,
financial and risk management, governance and assurance, and major
transaction engagement. Additionally, he has extensive experience
of capital project development and project financing.
Philip holds a BA (hons) in Mathematics from The University of
Oxford and is an Associate of the Chartered Institute of Management
Accountants.
Additional information:
The following information is disclosed pursuant to Schedule Two
paragraph (g) of the AIM Rules for Companies:
Philip Thomas Edward Sanderson, (aged 52) holds, or has held,
the following current and former directorships in the past five
years:
Current Directorships Previous Directorships in the
last five years
The Learning Through Landscapes Shell and Turcas Petrol A.S.
Trust
Shell Downstream South Africa
(Pty) Ltd.
Shell East Europe Company Limited
The Consolidated Petroleum Company
Limited
The Shell Company of Nigeria Limited
The Shell Company of Turkey Limited
The Shell Company (W.I.) Limited
Philip Sanderson does not currently hold any shares in the
Company.
Henrik Wareborn, CEO, said:
"Philip's commercial acumen coupled with a senior financial
background from a global integrated energy major will help Velocys
to accelerate its growth strategy of providing integrated,
IP-protected, decarbonisation technology to clients in the most
difficult to abate industrial sectors, such as aviation fuel.
" I want to thank Andrew for his significant contributions to
Velocys over the last 5 years, initially as a non-executive board
member and over the last three years as CFO ".
-----
For further information, please contact: Velocys
Henrik Wareborn, CEO
Andrew Morris, CFO
Lak Siriwardene, Head of Communications & Sustainability +44 1865 800821
Panmure Gordon (UK) Limited (Nomad and Joint Broker)
Hugh Rich (Corporate Broking)
Emma Earl (Corporate Finance)
John Prior (Corporate Finance) +44 20 7886 2500
Shore Capital Stockbrokers Limited (Joint Broker)
Henry Willcocks (Corporate Broking)
Toby Gibbs (Corporate Advisory)
James Thomas (Corporate Advisory) +44 20 7408 4090
Radnor Capital (Investor Relations)
Joshua Cryer
Iain Daly +44 20 3897 1830
Buchanan (Financial PR)
Helen Tarbet
Simon Compton +44 20 7466 5000
--Ends-
Notes to Editors
Velocys is an LSE-listed, international sustainable fuels
technology company, traded on the AIM, providing customers with a
technology solution to enable the production of negative Carbon
Intensity synthetic, drop-in fuels from a variety of waste
materials. Synthetic fuel is the only commercially available,
permanent alternative to fossil aviation fuels. The Velocys
technology is IP-protected in all major jurisdictions.
Two reference projects (Bayou Fuels, US, and Altalto, UK) are
designed to accelerate the adoption and standardise the Velocys
proprietary Fischer Tropsch (FT) technology with an integrated end
to end solution, including renewable power and carbon
sequestration.
Velocys is enabling commercial scale synthetic fuel production
in response to the clean energy transition, with significant
additional positive air quality impacts.
www.velocys.com
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END
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