TIDMAXS
RNS Number : 2329V
Accsys Technologies PLC
04 April 2023
AIM: AXS
Euronext Amsterdam: AXS
4 April 2023
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
Accsys Technologies PLC
("Accsys", the "Group" or the "Company")
Appointment of Chief Executive Officer
Accsys, the fast-growing and eco-friendly company that combines
chemistry and technology to create high performance, sustainable
wood building products, is pleased to announce that Dr Jelena Arsic
van Os has been appointed Chief Executive Officer Designate and a
member of the Board of Accsys, with effect from 1 July 2023 at the
latest. Upon her appointment becoming effective, Stephen Odell will
step down as Executive Chair and revert to his position as an
independent Chair of the Board.
Dr Jelena Arsic van Os has over 20 years' experience in senior
executive leadership roles in large-cap multinational companies.
She has a proven track record in transforming and driving complex
businesses, delivering on profitable growth targets, as well as
leading successful operational turnarounds in both global and
regional business in EMEA, APAC and South America. Jelena also has
experience of successfully delivering large capital projects across
a number of jurisdictions, including a new protective coatings
plant in Brazil and capacity extensions in industrial coatings in
Argentina and powder coatings in the US, Middle East and China.
Jelena is currently Vice President Plastics, Coatings, Adhesives
and Rubber Performance Minerals EMEA and APAC at Imerys SA. Imerys
is a global leader in mineral-based specialty solutions with a
strong footprint in sustainable construction. Headquartered in
Paris and with operations in over 40 countries, Imerys is a
constituent of the CAC Mid 60 index.
Prior to Imerys, Jelena held a number of senior executive
positions across the globe during her 17 years tenure at AkzoNobel,
the large-cap, chemicals and coatings company. The multinational,
which operates across more than 150 countries, is listed on
Euronext Amsterdam and is a constituent of the AEX Index (top 25
listed companies in the Netherlands). During her time at the
company, Jelena was a member of AkzoNobel's Executive Leadership
Team and her positions included: Director Performance Coatings
South America; Director Functional Powder Coatings Gmbh; Director
Powder Coatings North Europe; Business Director Resins; Business
Development Industrial Chemicals; and Sales and Marketing
Functional Chemicals CEE, Middle East and India.
Jelena has a PhD in Solid State Chemistry from Radboud
University Nijmegen, Netherlands.
Stephen Odell, Chairman of Accsys Technologies PLC,
commented:
"On behalf of the Board, I am delighted that Jelena is to become
Accsys' new Chief Executive Officer. Jelena's considerable and
relevant experience makes her a great fit for Accsys and well
qualified to lead the business into the next phase of growth as we
continue with our mission of changing wood, to change the world. I
look forward to welcoming her to the Company at the beginning of
July."
On her appointment, Dr Jelena Arsic van Os, said:
"I am very excited to be joining Accsys. As the Chief Executive
Officer and a member of the Board, I will be committed to bringing
my perspective and experience to the Company, collaborating with
the talented Accsys team to drive the organisation in unlocking its
full potential and maximising value creation for our customers and
stakeholders."
The following disclosures are required regarding Dr Jelena Arsic
van Os's appointment pursuant to Schedule 2 paragraph (g) and Rule
17 of the AIM Rules for Companies:
Full name: Dr Jelena Arsic van Os
Age: 52 years
Current Directorships: None
Directorships held in the past five years: None
There are no other matters in relation to the appointment of Dr
Jelena Arsic van Os which are required to be disclosed in
accordance with the AIM Rules for Companies.
Ends
This announcement comprises inside information for the purposes
of EU MAR and UK MAR. The person responsible for making this
announcement is Nick Hartigan, General Counsel and Company
Secretary, Accsys Technologies PLC.
For further information, please contact:
Accsys Technologies PLC
Katharine Rycroft, Head of Investor
Relations +44 (0) 7783 776080
======================================== ======================
Numis Securities (London)
Oliver Hardy (NOMAD), Ben Stoop +44 (0) 20 7260 1000
======================================== ======================
Investec Bank plc (London)
Carlton Nelson, Alex Wright +44 (0) 20 7597 5970
ABN Amro (Amsterdam)
Richard van Etten, Dennis van Helmond +31 20 344 2000
======================================== ======================
FTI Consulting (UK)
Matthew O'Keeffe, Alex Le May +44 (0) 20 3727 1340
======================================== ======================
Off the Grid (The Netherlands)
Frank Neervoort, Yvonne Derske +31 681 734 236
======================================== ======================
Notes to editors:
Accsys (Accsys Technologies PLC) is a fast-growing business with
a purpose: changing wood to change the world. The company combines
chemistry, technology and ingenuity to make Accoya(R) wood and
Tricoya(R) wood elements: high performance wood products that are
extremely durable and stable, opening new opportunities for the
built environment and giving the world a choice to build
sustainably. Accsys transforms fast-growing, certified sustainable
wood into building materials with an up to 50-year warranty,
locking carbon stored in the wood into useful products for decades,
with performance characteristics that match or better those of
non-renewable, resource-depleting and polluting alternatives.
Accsys is listed on the London Stock Exchange AIM market and on
Euronext Amsterdam, under the symbols 'AXS'. Visit
www.accsysplc.com
Accoya(R) solid wood is sustainable, durable, and stable with
exceptional performance, finish and sustainability. Accsys'
proprietary acetylation process makes the wood more dimensionally
stable and because it is no longer easily digestible, extremely
durable. It is one of very few building materials to be Cradle to
Cradle Certified(TM) at the Gold level, with a Platinum rating for
Material Health, confirming that no harmful or toxic additives or
chemicals are present to leach out into the environment. Primary
applications for Accoya(R) wood include windows, doors, cladding
and decking, where the combination of performance and
sustainability benefits compete favorably against hardwoods,
plastics, metals and concrete. Visit www.accoya.com
Tricoya(R) acetylated wood elements are produced for use in the
fabrication of panel products such as medium density fibreboard
(MDF). Panel products made with Tricoya(R) wood elements are truly
durable and stable enough for use outdoors and in wet environments,
unlocking new possibilities for design and construction. They have
been lauded as the first major innovation in the wood composites
industry in more than 30 years and bring the flexibility of
traditional panel products and sustainability benefits of wood to a
whole new range of applications. Visit www.tricoya.com
Any references in this announcement to agreements with Accsys
shall mean agreements with either Accsys or its subsidiary entities
unless otherwise specified. 'Accsys' and 'Accsys Technologies' are
trading names of Titan Wood Limited ("TWL"), a wholly-owned
subsidiary of Accsys Technologies PLC. Accoya(R) , Tricoya(R) and
the Trimarque Device are registered trademarks owned by TWL, and
may not be used or reproduced without written permission from TWL,
or in the case of the Tricoya(R) registered brand trademark, from
Tricoya Technologies Limited, a subsidiary of TWL with exclusive
rights to exploit the Tricoya(R) brand.
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