Nandan Cleantec plc Directorate Changes (7107E)
May 15 2013 - 2:01AM
UK Regulatory
TIDMNAND
RNS Number : 7107E
Nandan Cleantec plc
15 May 2013
15 May 2013
Nandan Cleantec plc
Directorate Changes
Nandan Cleantec plc ("Nandan" or the "Company"), a scaled
vertically integrated biofuel producer, announces that
Non-Executive Director, Sandesh Pandhare, will leave the Company
with immediate effect to concentrate on his other business
interests.
The Company is pleased to announce the appointment of Ravi
Gidwani to the Board as a Non-executive Director.
Mr Gidwani is an Executive Director of Private Equity at
Istithmar World the investment arm of Dubai World which is 100%
owned by the Government of Dubai. He is a resident of the UAE.
Mr Gidwani is also a Director of Padaeng Industry Public Company
Limited, a Stock Exchange of Thailand-listed zinc mining and
smelting business. He has previously worked at McKinsey & Co
and ABN Amro and has an MBA from the SDA Bocconi School of
Management, Italy.
Mr Gidwani will replace Sandesh Pandhare as a member of the
Remuneration Committee and as Chairman of the Nomination
Committee.
On confirming the appointment Srinivas Prasad Moturi, Chairman
and Managing Director of Nandan, said:
"I and on behalf of the other members of the Board would like to
take this opportunity to thank Mr. Sandesh Pandhare for his
advisory services and active role in Nandan and we wish him well
for his future endeavours.
I would like to welcome Ravi to the Board of Nandan. Going
forward Ravi will bring valuable perspective to the business with
his strong commercial links in the Middle East as well as being a
valuable link between the Company and Istithmar, who are a long
term supporter of our business. I look forward to working alongside
him in order to grow the Company."
For further information:
Nandan Cleantec plc
Srinivas Prasad Moturi Tel: +91 40 6550 7799
Arden Partners plc
Steve Douglas Tel: 020 7614 5917
FTI Consulting
Matt Dixon / Emma Appleton Tel: 020 7831 3113
Disclosures under AIM Rule 17
Ravi Ranjit Gidwani, age 37, currently has no shares in the
Company and other than as set out below there is no further
information to be disclosed under schedule 2(g) and Rule 17 of the
AIM Rules for Companies in respect of Ravi Gidwani's appointment as
a Director of the Company.
Mr Gidwani is or has been a Director of the following companies
during the previous five years:
Current Directorships Previous Directorships
Incrementum Capital Partners Inchcape Shipping Services
LLP World Ltd
Padaeng Industry Public Company
Ltd (THI)
This information is provided by RNS
The company news service from the London Stock Exchange
END
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