GETECH Group plc Appointment of New Chairman and Board Changes (1304N)
January 28 2021 - 2:00AM
UK Regulatory
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
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END
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