Oxford Advanced Surfaces Group plc - Directorate changes
09 Feb 2010
Oxford Advanced Surfaces Group plc ("OAS" or the "Company") is pleased to announce a re-organisation of the Board as part of the next stage of its development with the appointment of Dr David Charles Bott (aged 56) as a non-executive director.
In addition, Jeremy Scudamore has resigned as non-executive Chairman and Andrew Naylor has resigned as a non-executive director. Michael Bretherton, an existing non-executive director, has taken on the role of non-executive Chairman.
David started his career with British Petroleum and subsequently
worked for Courtaulds with roles including Director of Strategic
Research, Research Manager of Courtaulds Grafil and Vice President
(Technology) for the Performance Films division. He then joined ICI
Acrylics as Research Director before moving to National Starch
& Chemical where he held the role of Vice President for
Research and Development in the Speciality Synthetic Polymers
Division, then moving back to ICI as a Director for Group
Technology. David is presently a director of Oxford Biomaterials
Limited, Apaclara Limited, Spineless Design Limited and EotR
Solutions Limited. He is also Director of Innovation Programmes for
the
Technology Strategy Board, a non-departmental public body sponsored
by the Department of Innovation, Universities and Skills. He has
considerable experience of many areas of the market place which OAS
is targeting, specifically adhesion, coatings, cross-linkers and
composites.
There is no further information on David under schedule 2(g) of the AIM Rules to be disclosed.
Mike Eason, who was appointed as Managing Director of OAS on 1 October 2009 to lead the Company in its further development, commented: "I am delighted that David has joined the Board of OAS and believe that his background and experience will add value for the Company".
Michael Bretherton, Chairman of OAS, commented:
"Jeremy and Andrew have steered the Company successfully through
the initial stages of flotation and development
and the Board would like to thank them for all their efforts in
that process".
Share Holdings
Concurrent with the reorganization, the former directors indicated a desire to today exercise and sell all of the options held by them together with a proportion of their existing shareholdings.
The full text of this announcement is available on RNS.
