Quadrise Fuels International PLC Appointment of Non-Executive Chairman (0325A)
February 01 2022 - 1:59AM
UK Regulatory
TIDMQFI
RNS Number : 0325A
Quadrise Fuels International PLC
01 February 2022
1 February 2022
Quadrise Fuels International plc
("Quadrise", or "Company")
Appointment of Non-Executive Chairman
Quadrise (AIM:QFI), the supplier of MSAR(R) and bioMSAR(TM)
emulsion technology and fuels, providing innovative lower cost and
lower carbon alternatives to fuel oil and biofuels , is pleased to
announce the appointment of Andy Morrison as Non-Executive Chairman
with immediate effect.
Andy is a director of growth businesses with almost forty years
of experience encompassing major multi-national corporations and
junior public companies. Andy began his career at Royal Dutch
Shell, where he spent 17 years in their oil products (including
bunker fuel), lubricants and speciality chemicals divisions. His
roles there included VP positions in sales, marketing, trading and
strategy, spanning several continents.
After leaving Shell, Andy held senior positions at BG Group plc
and BOC Group plc in Corporate Strategy and New Business
Development respectively. Since 2007, Andy has led a number of
junior listed companies in both the energy and ESG sectors, where
he has significant experience covering restructuring, turnarounds,
new listings and acquisitions. His directorships have included
roles as Chief Executive Officer of Xtract Energy plc and
Silvermere Energy plc, non-executive director of Kanabo Group plc
and Chairman of Spinnaker Acquisitions plc which has recently
listed on the London Stock Exchange and completed the purchase of
Homeserve Labs Ltd by way of a reverse takeover.
Andy holds a first-class bachelor's degree in chemical
engineering and fuel technology from the University of
Sheffield.
Philip Snaith, Chairman of the Nominations Committee, said:
"Andy was the leading candidate following a rigorous recruitment
process, and we are delighted to have appointed him as Chairman. He
has extensive and highly relevant experience in the energy sector
as well as with listed companies across a range of industries
including several ESG-focused entities."
"Andy has demonstrated strong leadership skills and a strategic
and entrepreneurial approach throughout his career and has a track
record of commercial delivery. Andy joins Quadrise at the start of
an exciting year ahead for the Company as we progress our projects
towards commercialisation."
Andy Morrison, incoming Non-Executive Chairman, said:
"I am very much looking forward to joining the board at Quadrise
and working with the executive team; this is clearly a time of huge
potential for the business with so many of the industry dynamics
providing real opportunity for our products and technology. The
increasing importance of ESG credentials to the investor community
presents both challenges and opportunities. Our task will be to
deliver on our projects and at the same time build a sustainable
future for the Company that can inspire us all."
The following information regarding the appointment of Andrew
John Gowdy Morrison (aged 61) is required to be disclosed under
Schedule 2(g) of the AIM Rules for Companies:
Current Directorships Directorships within the last
five years
Spinnaker Acquisitions plc Nostra Terra Oil and Gas plc
------------------------------
Spinnaker Management Resources The I am Billy Foundation
Limited
------------------------------
Kanabo Group plc
------------------------------
Hemspan Limited
------------------------------
Between 31 August 2011 and 16 August 2013, Mr Morrison was a
director of Silvermere Energy plc ("Silvermere"), which entered
into a company voluntary arrangement ("CVA") with its creditors on
16 August 2013. The CVA completed on 20 December 2013, pursuant to
which creditors were issued shares in Silvermere, which was then
renamed Tern plc.
For further information, please refer to the Company's website
at www.quadrisefuels.com or contact:
Quadrise Fuels International Plc
Jason Miles, Chief Executive Officer +44 (0)20 7031 7321
David Scott, Head of Finance
Nominated Adviser
Cenkos Securities plc
Ben Jeynes +44 (0)20 7397 8900
Katy Birkin
Broker
Shore Capital Stockbrokers Limited
Toby Gibbs +44 (0)20 7408 4090
Fiona Conroy
Public & Investor Relations
Vigo Consulting
Patrick D'Ancona
Charlie Neish +44 (0)20 7390 0230
Notes to Editors
QFI is the supplier of MSAR(R) and bioMSAR(TM) emulsion
technology and fuels, low-cost alternatives to heavy fuel oil (one
of the world's largest fuel markets, comprising over 340 million
tonnes per annum) and biofuels in the global power generation,
shipping, industrial and refining industries.
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END
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