Versarien PLC Appointment of Non-executive Chairman (8534O)
October 13 2021 - 2:00AM
UK Regulatory
TIDMVRS
RNS Number : 8534O
Versarien PLC
13 October 2021
13 October 2021
Versarien plc
("Versarien" or the "Company")
Appointment of Non-executive Chairman
The Board of Versarien announces that James Stewart CBE will
retire as Non-executive Chairman on 31 December 2021 and Diane
Savory OBE DL will be appointed as the Company's new Non-executive
Chairman on 1 January 2022. As part of the transition process, Ms
Savory will attend monthly Board meetings until formally taking
office.
James Stewart was appointed to the Board in June 2020 with a
particular focus on assisting with expansion in the Far East. Since
his appointment, the Company has completed its acquisition of the
CVD assets and IP from Hanwha Aerospace in South Korea. With macro
events shifting the Company's focus away from China, James now
wishes to concentrate on his private portfolio of UK and Far East
investments, but will continue to assist Versarien with its global
expansion plans, as appropriate, through his advisory firm Menlo
Partners LLP.
Diane Savory has, until recently, served as Chair at GFirst LEP
(Gloucestershire). She is a member of the Retail Sector Council at
the Department of Business, Enterprise, Innovation and Skills and
worked at Superdry Plc for a total of 22 years, including as a main
board director, during which time it grew from an SME to a London
Stock Exchange Main Market listed company. Diane's experience is
allied to particular elements of the Company's GSCALE project.
Commenting, James Stewart, said:
"I am very pleased that the Board is appointing Diane as my
successor. Her history of working at Superdry during a period of
accelerated global growth, her experience as Chair at GFirst and
her government connections provides excellent experience for this
appointment. It has been a pleasure to serve as Non-executive
Chairman of Versarien and I wish Diane and the Company every
success for the future."
Commenting, Diane Savory, said:
"I am delighted to accept the appointment as James' successor at
such an exciting time for the business. As the graphene world
begins to gain commercial traction our portfolio of graphene
products and global footprint, supported by the UK Government, will
allow Versarien to play a key role in bringing advanced materials
to the commercial and consumer markets. On behalf of the Board, I
would like to thank James for his leadership and commitment."
Commenting, Neill Ricketts, CEO, said:
"Having worked with Diane at GFirst I am confident that her
experience will be invaluable to Versarien as we focus on our
objectives of achieving commercial traction and sustainable
shareholder returns, whilst also focussing on the benefits graphene
can bring to the environment."
Further information on Diane Savory
Diane Rebecca Wendy Hill (known as Savory), aged 60, has been a
director of the following companies within the last five years:
Current directorships Previous directorships
CF Productions Limited GFirst LEP C.I.C.
------------------------
Cheltenham Festivals QAA Enterprises Limited
------------------------
Black Cedar Limited Super G H LLP
------------------------
The LEP Network Limited
------------------------
Maybe Solutions Ltd
------------------------
Ms Savory does not hold any ordinary shares in the Company.
Save as disclosed above, there are no additional disclosures to
be made in accordance with Rule 17 or Schedule Two paragraph (g) of
the AIM Rules for Companies.
For further information please contact:
Versarien
Neill Ricketts, CEO
Chris Leigh, CFO +44 (0) 1594 887204
SP Angel Corporate Finance (Nominated
Adviser and Joint Broker)
Matthew Johnson, Ewan Leggat, Adam
Cowl +44 (0)20 3470 0470
Berenberg (Joint Broker)
Mark Whitmore, Ciaran Walsh +44 (0)20 3207 7800
Yellow Jersey (Investor Relations)
Charles Goodwin
Henry Wilkinson
Versarien@yellowjerseypr.com +44 (0)20 3004 9512
Notes to Editors:
About Versarien
Versarien Plc ( AIM: VRS ), is an advanced engineering materials
group. Leveraging proprietary technology, the Group creates
innovative engineering solutions for its clients in a diverse range
of industries.
For further information please see: http://www.versarien.com
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