MyCelx Technologies Corporation Directorate Changes (9156G)
29 July 2019 - 4:01PM
UK Regulatory
TIDMMYX TIDMMYXR
RNS Number : 9156G
MyCelx Technologies Corporation
29 July 2019
29 July 2019
MYCELX TECHNOLOGIES CORPORATION
("MYCELX" or the "Company")
Directorate Changes
MYCELX Technologies Corporation (AIM: MYX), the clean water
technology company providing patented solutions for the Oil and Gas
market and commercial industrial markets worldwide, is pleased to
announce the appointment of Tom Lamb as a Non-Executive Director,
and Chairman of the Compensation Committee and a member of the
Audit and Nomination Committees, with effect 29 July 2019.
Tom has a wealth of strategic and operating expertise in the
industrial and technology sectors, having spent over 30 years
driving organic growth and leading businesses in multiple
international settings. He has served in several executive
leadership roles in public and private companies; and is currently
CEO of TWR/Pharos-API, a navigational equipment company focused on
the Oil & Gas and other markets. His previous experience
includes Chairman & CEO of Agilex Flavors and Fragrances,
President and CEO of C.P.Kelco/J.M. Huber Corporation and Executive
VP of Lexmark International. Tom has also served on the boards of
several for-profit companies in chemical, technology and healthcare
spaces.
Brian Rochester, who has acted as a Non-Executive Director and
as Chairman of the Compensation Committee of the Company since
1998, will step down from this role following Mr Lamb's
appointment.
Commenting on today's announcement Tim Eggar, Chairman of
MYCELX, said:
"I would like to welcome Tom onto the Board. He brings
considerable expertise to our team and we look forward to his
contribution in his role as Chairman of the Compensation Committee
and in assisting the Company's continuing growth and
development.
On behalf of the Board, I would also like to express our
gratitude to Brian for his long-standing contribution to the
Company, both as a Non-Executive Director and as Chairman of the
Compensation Committee."
There is no information that is required to be disclosed with
regards to the appointment of Thomas Barton Lamb, aged 61, pursuant
to Rule 17 and paragraph (g) of Schedule 2 of the AIM Rules, save
as set out below:
Current directorships and partnerships
TWR/Pharos-API
Directorships and partnerships held within the past five
years
Illuma Inc.
AG Triada Holding Inc
Evo-Shield, LLC
All About Developmental Disabilities
Nicholas House for Homeless Families
Lamb Operating Advisors LLC
Mr Lamb was a Director of Baseball Protective, LLC (also known
as EvoShield, LLC), a manufacturer and distributor of sporting
goods in Georgia, USA, which entered involuntary bankruptcy on 29
September 2017.
Shareholding in the Company
Nil
For further information please contact:
MYCELX Technologies Corporation
Connie Mixon, CEO Tel: +1 888 306 6843
Kim Slayton, CFO
Numis Securities (Nomad and Broker)
John Prior Tel: +44 20 7894 7000
Alamgir Ahmed
James Black
Emily Morris
Celicourt Communications
Mark Antelme Tel: +44 20 8434 2754
Jimmy Lea
Notes to Editors
MYCELX is a revolutionary oil-free water technology company
solving the world's toughest oil removal problems in the oil and
gas industry. The systems are based upon scientific breakthrough
for a completely different approach to permanent oil removal. The
Company created the patented MYCELX polymer using innovative
molecular cohesion for removing oil from water far beyond what
conventional systems have ever achieved. MYCELX systems remove oil
to critically low levels in a much smaller physical footprint than
conventional systems and in a virtually fail-safe process.
www.mycelx.com
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END
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