Velocys PLC Directorate Change (6943L)
21 July 2017 - 4:00PM
UK Regulatory
TIDMVLS
RNS Number : 6943L
Velocys PLC
21 July 2017
News release
Velocys plc
("Velocys" or "the Company")
21 July 2017
Directorate change
Velocys plc (VLS.L), the renewable fuels company, announces that
after nine years with the Company, Susan Robertson has informed the
Board of her intention to leave Velocys to pursue other interests.
Susan has stepped down from her position on the Board effective
immediately.
The Company intends that going forward the role of Chief
Financial Officer will be based in Houston, Texas, as its focus on
the renewable fuels market in the US intensifies. Velocys has
appointed John Tunison as interim CFO, who will provide the
necessary support to the Company through a period of transition
while it recruits a permanent CFO. The appointment is not a Board
level appointment at this stage. Susan will remain in her role as
CFO in the immediate term to help provide an orderly and smooth
handover.
John Tunison is an experienced interim CFO with nearly 15 years'
experience working in finance leadership roles with Shell, Univar
and Ascend Performance Materials amongst others. He has a track
record in business planning, strategy development and execution,
the reshaping of financial teams and the raising of equity in his
varied roles in a number of sectors including oil and gas and
speciality chemicals. Further details regarding John's skills and
experience can be found on our website.
Pierre Jungels, Chairman said:
"On behalf of my fellow Board directors and all of my colleagues
at Velocys, I would like to thank Susan for the enormous
contribution she has made to the Company over the nine years she
has been on the Board. During her tenure Velocys has grown from
small beginnings to the business it is today with the first
commercial smaller scale GTL plant in the world now in
operation."
David Pummell, CEO said:
"I would like to thank Susan for all the help and support she
has given me in my time as CEO of Velocys and wish her every
success in her future career. I and the Board look forward to
working with John in the months ahead as we drive forward our new
strategy."
- Ends -
For further information, please contact:
Velocys +44 1235 841
David Pummell, CEO 700
Numis Securities (Nomad and Broker)
Alex Ham
Stuart Skinner
Jamie Lillywhite +44 20 7260
Tom Ballard 1000
Canaccord Genuity (Joint Broker)
Henry Fitzgerald-O'Connor +44 20 7523
Ben Griffiths 8000
Camarco (financial communications
& PR)
Billy Clegg +44 20 3757
Georgia Edmonds 4983
Certain information contained in this announcement would have
constituted inside information (as defined by Article 7 of
Regulation (EU) No 596/2014) prior to its release as part of this
announcement.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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