TIDMGTC

RNS Number : 1304N

GETECH Group plc

28 January 2021

28 January 2021

Getech Group plc

("Getech" or the "Company")

Appointment of New Chairman and Board Changes

Getech, a provider of data, knowledge and software products to the energy industry, is pleased to announce that, following a thorough external recruitment process, Richard Bennett will join the Board of Getech as Non-Executive Director and Chairman Designate with immediate effect. After a handover period, Richard will assume the Getech Chairmanship, at which point Dr Stuart Paton, Getech's current Chairman, will leave the Getech Board.

Richard Bennett has extensive business and listed company experience over a career spanning 30 years. During that time, he has worked for General Electric in Asia and the US and co-founded and listed on NASDAQ J2Global, an internet telecoms business currently valued at US$3.5 billion. He has worked in executive, chairman and non-executive roles with a series of highly successful growth-focused technology and clean energy companies, currently including the AIM-quoted wireless technology company, MTI Wireless Edge.

Richard's appointment is the first step in a broader board transition process. This process will align Getech's Non-Executive expertise with the Company's strategy of leveraging our skills and technologies to support the energy transition.

With further non-executive appointments anticipated in the coming months, to maintain the size of Getech's board and taking into account the tenure of current Non-Executive Directors, Peter Stephens will step down from Getech's Board with immediate effect.

Jonathan Copus, Chief Executive of Getech, commented:

"I am delighted to welcome Richard to Getech and look forward to working closely with him. As the pace of the energy transition accelerates and our clients seek to rapidly develop low-carbon and renewable energy projects, we expect this to create substantial opportunities for Getech.

As we extend Getech's offering in the clean technology space and target ambitious growth, we are engaged in a process to develop the Company's board and management team to ensure that Getech has the necessary skills to support our current customers and attract new ones. The addition of Richard's extensive City experience and his strong track record in growing technology, renewable fuel and agricultural companies is an important first step in this ongoing process.

I also want to express Getech's gratitude to Peter Stephens for his outstanding contribution to the Company's development. In 2005, Peter played a significant role in the flotation of the Company on AIM and, between 2005 and 2011, served as Getech's Chairman. Peter's wide-ranging business and market experience have been invaluable over the years, and we wish him the very best for the future."

Richard Bennett, Chairman Designate of Getech also commented:

"I very much look forward to joining my new colleagues at Getech as the Company embarks on its next stage of growth and expands its product proposition to support the global energy transition to a net-zero future. I see great opportunity to build upon Getech's success in the petroleum industry and apply its extensive data and analytical skills across multiple emerging markets including hydrogen storage and infrastructure, geothermal, digital farming and carbon sequestration. I look forward to supporting the team's ambitions and contributing to its journey."

The following information regarding the appointment of Richard Anthony Bennett (aged 52) is required to be disclosed under Schedule 2(g) of the AIM Rules for Companies:

 
 Name:                                   Richard Antony Bennett 
 Current Directorship / Partnerships:    MTI Wireless Edge Ltd 
                                          China New Energy Limited 
                                          Sunbird Bioenergy Africa Limited 
                                          Sunbird Bioenergy Zambia Limited 
                                          Sunbird Bioenergy Sierra Leone Limited 
                                          Sunbird Bioenergy Management Services 
                                          Grey Reach Investments 
                                          Nocoo Ltd 
                                          Quagent Ltd 
 Previous Directorship / Partnerships:   MRJ Bioenergy Ltd 
                                          Crimson Plantations Ltd 
 

There are no further disclosures to be made under Schedule 2(g) of the AIM Rules for Companies.

For further information, please contact:

 
 Getech Group plc                                  Tel: 0113 322 2200 
  Jonathan Copus, Chief Executive 
 
 Cenkos Securities plc 
  Neil McDonald / Pete Lynch (Corporate Finance) 
  Michael Johnson / Julian Morse (Sales)             Tel: 0207 397 8900 
 Camarco 
  Georgia Edmonds / James Crothers / Ollie Head      Tel: 020 3781 8331 
 

Notes to editors:

Getech (AIM: GTC) has a well-established position within the global energy market, assisting clients with its unique combination of products and services, that utilise the Group's sub-surface skills and geospatial design and implementation capabilities alongside a deep knowledge and understanding of how to deploy data.

The Company is leveraging its strong market position, utilising its existing expertise, and targeting additional commercial opportunities, to de-risk and accelerate the global transition to renewable sources of energy while strengthening its existing and well-established business.

Getech is listed on the AIM market of the London Stock Exchange. For further information, please visit www.getech.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

BOAUBVRRAOUAUUR

(END) Dow Jones Newswires

January 28, 2021 02:00 ET (07:00 GMT)

Getech (LSE:GTC)
Historical Stock Chart
From Feb 2024 to Mar 2024 Click Here for more Getech Charts.
Getech (LSE:GTC)
Historical Stock Chart
From Mar 2023 to Mar 2024 Click Here for more Getech Charts.