12 August 2024
WOODBOIS LIMITED
("Woodbois", the "Group", the "Company")
Board
Changes
Woodbois Ltd (AIM:WBI), a leading
Company in the international timber industry, announces the
following Board changes.
Johannes Bloemen is appointed as CFO
with immediate effect. He has been with the Group heading up and
reorganising the Gabon finance function since early January 2024
and more recently has been assuming increasingly wider
responsibility for the Group's finance function. Johannes has had a
long career in senior financial positions in various complex
municipalities, as well as providing accountancy and tax advice to
other clients.
Further to the announcement on 12
June 2024, the Company also announces that Carnel Geddes, former
CFO, and Graeme Thomson, Independent Non-Executive Director, step
down from the Board of Directors today.
The Company remains committed to the
corporate governance principles set out in the Quoted Companies
Alliance Code and accordingly intend to appoint an additional
independent Non-Executive Director in the coming months.
Executive Chair & CEO Guido Theuns
said: "We are fortunate to have Johannes become
our CFO today. The work he has performed since the start of 2024 in
the reorganisation and revamp in Gabon has been impressive and
invaluable. He has more recently also served as Interim Group Head
of Finance.
As we consolidate disparate Woodbois
offices and functions, he will assist materially in ensuring we are
cost-effective, that our real-time reporting is first class, as
well as helping to facilitate our growth, cash generation and
profitability.
I wish to thank Carnel Geddes and
Graeme Thomson, for the extended and professional handover to their
replacements since they announced their intended departure.
They leave with our thanks and good wishes."
Johannes Bloemen, CFO, said "I
have seen first-hand that there is huge potential for us to unlock
in Woodbois and look forward to updating shareholders as we
continue to right-size and streamline our production, systems and
team."
Further information in relation to the Director
appointment
Johannes Leonardus Bloemen (aged 62)
has confirmed that, other than the information disclosed below,
there are no matters to be disclosed under Rule 17 and paragraph
(g) of Schedule 2 of the AIM Rules.
Current directorships:
IFC BV
Bloemen Beheer BV
Innovateam BV *
LED's make a difference BV
*
Previous directorships or similar/partnerships
held in the past
5 years:
Stadsgewest-Hertogenbosch (Financial
Director)
Bloemen Beheer BVBA
* Bloemen Beheer BV, a company
wholly owned by Johannes Bloeman, is the director
As at the date of appointment,
Johannes Bloemen does not hold any shares or other interests in
Woodbois.
Enquiries:
|
Woodbois Limited
Guido Theuns, Executive Chair &
CEO
Johannes Bloemen, CFO
|
+ 44 (0)20 7099 1940
|
|
Canaccord Genuity (Nominated Advisor and
Broker)
Henry Fitzgerald O'Connor
Harry Pardoe
|
+ 44 (0)20 7523 8000
|
|
Novum Securities (Joint Broker)
Colin Rowbury, Jon Bellis
|
+44 (0) 20 7399 9427
|
|
Axis Capital Markets Limited (Joint Broker)
Ben Tadd, Lewis Jones
|
+44 (0) 203 026 0449
|
About Woodbois:
Woodbois is a Guernsey-based
company at the forefront of the timber industry, committed to
delivering quality products and sustainable solutions. With a
legacy of innovation and a vision for the future, it strives to set
industry standards and exceed
expectations. Please follow the
Company on X: @WoodboisLtd