Ilika plc Directorate Changes (4197V)
28 October 2014 - 6:00PM
UK Regulatory
TIDMIKA
RNS Number : 4197V
Ilika plc
28 October 2014
Ilika plc
("Ilika" or the "Company")
Directorate Changes
Ilika (AIM: IKA), the accelerated materials innovation company,
announces the appointment of Keith Jackson as Non-Executive
Director effective January 2015, and the beginning of succession
planning for the role of non-Executive Chairman. Current
Non-Executive Chairman Jack Boyer, has indicated to the Board that
after 10 years in the position, he intends to stand down from his
role.
Jack Boyer - Non-Executive Chairman
Jack Boyer, having recently celebrated a decade of successful
leadership as Non-Executive Chairman of Ilika, will be stepping
down from the board. Jack announced his intention to stand down at
a time when the share price has reached historic highs following
the achievement of a series of significant milestones in the
Company's development. Ilika's Senior Independent Director,
Professor Sir William Wakeham, has been appointed to lead the
succession process.
Jack Boyer commented: "I have greatly enjoyed my tenure at Ilika
but it is good governance practice to rotate board appointments and
this is a timely opportunity to conduct a thorough search process
and effect an orderly handover to support the future development of
the Company."
Commenting on this announcement, Graeme Purdy, CEO added:
"Jack's contribution to the team over the past ten years has been
first class. He has helped to steer the Company through three
rounds of venture finance, its IPO in 2010 and contributed to the
progress that has resulted in substantial share price growth since
flotation. We respect his decision to move on to other challenges
having contributed extensively to the development of Ilika from
University spin-out to a globally-respected commercial
organisation."
Keith Jackson - appointment as Non-Executive
In a further move to strengthen the Board, Keith Jackson will be
appointed as an additional Non-Executive Director to Ilika's board
effective January 2015. Keith is currently the Chief Technology
Officer at Meggitt plc, the FTSE 100 engineering group, where he is
responsible for technology direction and strategy. Keith was
previously Chief Technology Officer of Electrical power and control
systems at Rolls Royce, having been owner and Managing Director of
Pi Technology, which was acquired by Ford.
Keith brings considerable expertise in the industrial
commercialisation of control systems to Ilika at a time when the
Company is preparing for the roll out of its solid state battery
technology for wireless sensor networks. He offers a combination of
valuable experience in growing entrepreneurial ventures (Pi
Technology) and developing complex systems for industrial
deployment (Meggitt and Rolls Royce).
On Keith's appointment, Graeme Purdy, Ilika's CEO, commented:
"This is a very exciting period for Ilika as a number of the
materials we have been developing become commercially mature.
Ilika's board has always played an important role in setting
strategic direction and we have appointed Keith to strengthen our
technology commercialisation experience."
For more information contact:
Ilika plc www.ilika.com
Graeme Purdy, Chief Executive Tel: 023 8011 1400
Steve Boydell, Finance Director
Numis Securities Limited Tel: 020 7260 1000
Oliver Cardigan, Nominated
Adviser
James Black, Corporate Broking
Walbrook PR Ltd Tel: 020 7933 8780 / ilika@walbrookpr.com
Paul McManus Mob: 07980 541 893
Paul Cornelius Mob: 07827 879 460
Regulatory disclosures
Keith Jackson, (age 54) has not been a director or partner of a
company or partnership during the previous five years.
Keith Jackson, holds no shares in the Company and there is no
further information to be disclosed under Schedule Two, paragraph
(g) and Rule 17 of the AIM Rules Companies.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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