AIM: AXS
Euronext Amsterdam:
AXS
16 May 2024
Accsys Technologies
PLC
("Accsys", the "Group" or the "Company")
Directorate
Change
Accsys announces today that Steven
Salo will step down from his role as Chief Financial Officer.
Steven joined Accsys on 1 April 2023 and has helped navigate the
Company through a period of economic headwinds, and has contributed
to the successful raising of capital and financing for the
completion of our US JV project in Kingsport.
The Board and Steven agreed that his
interests and ambitions lie outside of the Group. Therefore, Steven
has decided to step down with immediate effect.
The Board would like to express its
appreciation for Steven's contribution and to wish him all the best
in his future endeavours.
A search is underway for a
replacement CFO and an update will be provided in due
course.
Meanwhile, Hans Pauli, currently
Director of Corporate Development of the Group, will act as an
interim CFO. Hans has been with the Group for over 14 years in
various roles, amongst others as its CFO from 2010 to
2012.
Trudy Schoolenberg, Chair of Accsys,
commented:
"I
would like to thank Steven on behalf of the Board for his service
and contribution to Accsys during a challenging period for the
Company and wish him all the best for the
future."
The Company will shortly publish a
statement on its website in compliance with section 430(2B) of the
Companies Act 2006 relating to Steven Salo's
remuneration.
Ends
For
further information, please contact:
|
Accsys Technologies PLC
Investor Relations
|
IR@accsysplc.com
|
|
Deutsche Numis (London)
Oliver Hardy (NOMAD), Ben Stoop
|
+44 (0) 20 7260 1000
|
|
ABN
Amro (Amsterdam)
Dennis van
Helmond
|
+31 20
344 2000
|
|
Huijskens Sassen Communications (The
Netherlands)
Clemens Sassen
|
+31 20 685 5955
|
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 wood and Tricoya 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 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™ 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 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 acetylated wood elements
are produced for use in the fabrication of panel products such as
medium density fibreboard (MDF). Panel products made with Tricoya
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, Tricoya 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 registered brand
trademark, from Tricoya Technologies Limited, a subsidiary of TWL
with exclusive rights to exploit the Tricoya brand.