MyCelx Technologies Corporation Board Changes (1045T)
March 23 2021 - 3:00AM
UK Regulatory
TIDMMYX TIDMTTM
RNS Number : 1045T
MyCelx Technologies Corporation
23 March 2021
23 March 2021
MYCELX TECHNOLOGIES CORPORATION (AIM: MYX)
Board Changes
MYCELX Technologies Corporation ("MYCELX" or the "Company"), the
clean water and clean air technology experts, announces that Tim
Eggar intends to step down from his role as Non-Executive Chairman
at the Annual General Meeting to be held in July 2021.
Mr. Eggar joined MYCELX in 2011, steering the Company through
its IPO, growth, and the recent challenging period. His
considerable experience in the Energy sector and international
business expertise has been invaluable in establishing the Company
as a leading provider of sustainable water treatment solutions to
the global market.
Mr. Tom Lamb, Non-Executive Director, Chairman of the
Compensation Committee, and a member of the Audit and Nomination
Committees, will assume the role of Chairman following Mr. Eggar's
departure.
Mr. Lamb joined the Board in July 2019, bringing a wealth of
strategic and operating expertise in a broad range of roles across
the industrial and technology sectors. He has spent over 30 years
driving organic growth and leading businesses in multiple
international settings, including serving in a number of executive
leadership roles in both public and private companies.
The Company will continue to review the balance of the board and
would consider making a further Independent Non-Executive Director
appointment in due course such that the Board has three Independent
Directors including the Chairman.
Mr. Eggar, out-going Non-Executive Chairman, said:
"Following the Company's successful navigation of the COVID-19
pandemic, the time is right for me to step down from the Board of
MYCELX. I have greatly enjoyed my time at the Company, and the
opportunities it has given me to support its development. I leave
knowing that the business is well placed to capture the very
significant opportunity that exists in delivering clean water and
air solutions, and helping our customers to achieve their
sustainability goals. The next chapter of the MYCELX story is set
to be a very exciting one, and I leave the Company in the safest of
hands at both Board and senior management levels. I am grateful for
the support I have received during my tenure, and look forward to
watching MYCELX's continued success."
Connie Mixon, CEO, said:
"On behalf of us all at MYCELX, I would like to thank Tim for
his many years of insightful support of the Company. Under his
guidance, MYCELX has expanded into new territories and diversified
its patented product offering. As the global economic recovery
takes shape, MYCELX is well placed to benefit from a resurgence in
bidding activity in the oil and gas sector, in addition to the
other markets where we operate. Tim has been instrumental in
helping us get to where we are today, empowering leadership to take
the company in new directions, and we owe him a considerable debt
of gratitude.
We are pleased to have a successor of Tom's calibre, and look
forward to his continuing strong support as he assumes the role of
Chairman."
For further information please contact:
MYCELX Technologies Corporation
Connie Mixon, CEO Tel: +1 888 306 6843
Kim Slayton, CFO
Canaccord Genuity, Nominated Adviser
Henry Fitzgerald-O'Connor Tel: + 44 20 7523 8000
Georgina McCooke
Celicourt
Mark Antelme Tel: +44 20 8434 2754
Jimmy Lea
Notes to Editors
Through its revolutionary oil-free water technology, MYCELX
brings its customers material benefits in terms of performance
enhancement, cost savings and significantly improved environmental
footprints. Working beyond any ordinary filtration methods,
MYCELX's proprietary technology achieves oil removal to less than
one part per million. MYCELX supports leading international
customers across the oil & gas value chain, as well as other
industrial users. MYCELX also provides advanced air filtration
technology for manufacturing and industrial facilities, effectively
removing oil particles and biologicals to maintain continuous and
safe air quality levels.
For more information, visit www.MYCELX.com
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