Atlantis Resources Limited Directorate Change (0232Z)
15 September 2015 - 4:01PM
UK Regulatory
TIDMARL
RNS Number : 0232Z
Atlantis Resources Limited
15 September 2015
15 September 2015
ATLANTIS RESOURCES LIMITED
("Atlantis" or the "Company")
Directorate Change
Atlantis, a global leader in the tidal power sector, is pleased
to announce the appointment of Simon Counsell as Chief Financial
Officer. The Company has accepted the resignation of Duncan Black
as Chief Financial Officer ("CFO"), who will step down on 18
September 2015, due to the intended relocation of the corporate
headquarters, including the finance and administration function, to
Scotland from Singapore. Duncan will remain on the Board as a
Non-executive Director.
Duncan has decided against relocating his family to Scotland and
has therefore chosen to step down as CFO. However, he has agreed to
remain on the Board as a Non-executive Director. The process of
recruiting a UK-based replacement CFO has been successfully
completed and the Board is delighted to appoint Simon Counsell as
CFO. Simon will join the Company by 15 November 2015. It is the
intention that Simon will join the Board in due course.
Simon is currently UK and Netherlands Finance Director at
InterGen (UK) Ltd, a role he has held since 2003. Simon was also
made interim head of European Operations at the beginning of 2015.
He started his career as an Audit supervisor at Coopers and Lybrand
in 1989, before joining Singer and Friedlander Ltd as Finance
Manager in 1993. He moved on to Merrill Lynch in 1995 and gained
exposure to traded financial markets before joining InterGen in
1998 as UK Trading Controller, where he was responsible for
establishing the UK Trading Back and Middle office functions.
Head Office relocation
The relocation of Atlantis' corporate headquarters to Scotland
is a natural progression following last year's admission to AIM,
the MeyGen project in Scotland entering the construction stage and
the recent acquisition of Marine Current Turbines Limited, which
included a portfolio of six projects expanding the Company's
footprint into Wales, Northern Ireland and Southern England, and
increasing the project development portfolio in Scotland.
John Neill, Chairman of Atlantis, commented:
"I am delighted that we have appointed Simon as CFO as he brings
with him a wealth of experience in financial management within the
global power generation industry, strong finance-related technical
skills and a track record of playing an integral role in achieving
business growth. He has played a key part in shaping the direction
of InterGen and I look forward to him bringing his skill and
experience to Atlantis at this exciting moment in the Company's
development.
"On behalf of the Board, I would like to take this opportunity
to express our sincere gratitude to Duncan for the huge
contribution he has made to the success of Atlantis since he joined
the Company. It has been a pleasure to work alongside him during a
period which has seen Atlantis transformed into a global leader in
the tidal power sector with an international portfolio of projects
but a strong focus in the UK. We respect Duncan's decision not to
relocate his family to the UK and are delighted that he has agreed
to remain on the Board as a Non-executive Director. His experience
and expertise will be greatly valued as the business continues to
grow."
Simon Counsell commented:
"I am very excited to be joining Atlantis. I have long been
impressed with the business and its leading position at the helm of
a burgeoning global tidal power sector and look forward to building
on the very strong foundations which have been established."
Duncan Black, outgoing CFO of Atlantis, said:
"It is not without regret that I have made the decision to
remain in Singapore and step down as CFO of Atlantis. I look
forward to my new role as a Non-executive Director and will work to
ensure that there is a seamless handover to my replacement. I
remain confident that the outlook for Atlantis is positive and
intend to remain a long-term shareholder."
For further information please contact:
Atlantis Resources Limited via FTI Consulting
Tim Cornelius, Chief Executive
Officer
Peel Hunt LLP (Nominated Adviser +44 (0) 20 7418
and Broker) 8900
Daniel Harris / Jock Maxwell MacDonald
+44 (0) 20 3727
FTI Consulting 1898
Ben Brewerton / Alex Beagley /
James Styles
This information is provided by RNS
The company news service from the London Stock Exchange
END
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