Itaconix PLC Board Change (7302L)
January 05 2023 - 2:00AM
UK Regulatory
TIDMITX
RNS Number : 7302L
Itaconix PLC
05 January 2023
For release: 07.00, 5 January 2023
Itaconix plc
("Itaconix" or the "Company")
Board Change
Itaconix (AIM: ITX) (OTCQB: ITXXF), a leading innovator in
sustainable plant-based polymers used to decarbonise everyday
consumer products , is pleased to announce changes to the Board
.
Paul LeBlanc is appointed to the Board as an independent
Non-Executive Director and Chair of the Audit Committee with
immediate effect. He is Chief Financial Officer and Treasurer of
Bemis Associates Inc. ("Bemis"), a global manufacturer of specialty
films and adhesives for the apparel and industrial markets. He
joined Bemis in 1999 as Controller and assumed increasing levels of
responsibility during Bemis' rapid growth into a global
manufacturer, including overseeing the acquisition and integration
of operations in Europe and Asia. He earned his Bachelor of Science
in Accounting from Thomas College and his Master of Business
Administration from University of Massachusetts, Dartmouth.
In addition, Dr. Peter Nieuwenhuizen, the Company's
Non-Executive Interim Chair, who joined the Board in July 2022, now
takes the role of Non-Executive Chair on a permanent basis and with
immediate effect.
The Board now comprises Dr. Peter Nieuwenhuizen (Non-Executive
Chair), Paul LeBlanc (Non-Executive Director), John R. Shaw (Chief
Executive Officer), and Laura Denner (Chief Financial Officer).
Dr. Peter Nieuwenhuizen, Chair, commented:
"As Itaconix enters a new phase of development with its rapid
revenue growth, I am pleased to welcome Paul to our Board. He is a
dynamic CFO who has played a leadership role in expanding financial
and overall operations as Bemis has grown from a domestic business
with less than $40 million in revenues into an international
enterprise with over $200 million in annual revenues. As we reach
new levels of commercial progress, Paul will contribute valuable
finance knowledge and operating experience to our next stage of
growth."
Regulatory disclosures
INFORMATION REQUIRED UNDER RULE 17 AND SCHEDULE 2, PARAGRAPH (G)
OF THE AIM RULES FOR COMPANIES ("AIM RULES")
Full name: Paul Daniel LeBlanc
Age: 60
Shareholding in the Company: No shares held
Current directorships Bemis Associates Inc.
and partnerships: Bemis Associates UK Limited
Bemis Hong Kong Ltd
Bemis International Inc.
PolyVisions Holdings Inc.
PolyVisions Inc.
There is no further information to be disclosed in relation to
the director appointment pursuant to Rule 17 and Schedule 2,
paragraph (g) of the AIM Rules.
- Ends -
For further information please contact:
Itaconix plc +1 603 775 4400
John R. Shaw / Laura Denner
Belvedere Communications +44 (0) 20 3008 6864
John West / Llew Angus
finnCap +44 (0) 20 7220 0500
Ed Frisby / Abigail Kelly / Milesh Hindocha
(Corporate Finance)
Andrew Burdis / Sunila de Silva (ECM)
About Itaconix
Itaconix uses its proprietary plant-based polymer technology
platform to produce and sell specialty ingredients that improve the
safety, performance, and sustainability of consumer products. The
Company's current ingredients are enabling and leading new
generations of products in detergents, hygiene, and hair care.
Itaconix's contributions to the global low carbon economy are
recognised by the London Stock Exchange's Green Economy Mark.
www.itaconix.com
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END
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