MyCelx Technologies Corporation Directorate Changes (0804K)
December 11 2018 - 1:15AM
UK Regulatory
TIDMMYX TIDMTTM
RNS Number : 0804K
MyCelx Technologies Corporation
11 December 2018
11 December 2018
MYCELX TECHNOLOGIES CORPORATION
("MYCELX" or the "Company")
Directorate Changes
MYCELX Technologies Corporation (AIM: MYX), the clean water
technology company providing patented solutions for the Oil and Gas
market and commercial industrial markets worldwide, is pleased to
announce the appointment of André Schnabl as a Non-Executive
Director, Chairman of the Audit Committee and Senior Independent
Director, with effect 1 January 2019.
André is the managing principal of Tenor Capital Partners LLC, a
boutique investment bank focused on advising companies and
shareholders in analysing, structuring and financing employee stock
ownership plans. Prior to Tenor, André was the managing partner of
the Atlanta office of Grant Thornton LLP, from which he retired in
2012. He joined Grant Thornton in Zimbabwe and also spent time in
the firm's Montreal office before moving to the Atlanta office.
André led an initiative in partnership with the education sector
intended specifically to influence excellent governance standards
among audit committee chairs.
André has a Bachelor degree in Chemistry and Geology from the
University of London and is a CPA. He serves on a number of
corporate and not-for-profit boards.
Swinton Griffith, who has acted as a Non-executive Director and
as Chairman of the Audit Committee of the Company since 9 January
2012, will step down from this role following Mr Schnabl's
appointment.
Commenting on today's announcement Tim Eggar, Chairman of
MyCelx, said:
"I would like to welcome André onto the Board. After a
distinguished career at Grant Thornton he brings considerable
expertise to our team and we look forward to his contribution in
his role as Chairman of the Audit Committee and in assisting the
Company's continuing growth and development.
On behalf of the Board I would also like to express our
gratitude to Swinton for his long-standing contribution to the
Company, both as a Non-executive Director and as Chairman of the
Audit Committee."
There is no information that is required to be disclosed with
regards to the appointment of Samuel André Schnabl, aged 71,
pursuant to Schedule 2 paragraph (g) of the AIM Rules, save as set
out below:
(g) (ii) Current directorships and partnerships
America Israel Business Connector (Conexx)
American Israel Chamber of Commerce
AMT Investors LLC
Andre Schnabl Advisors LLC
ClearStar, Inc.
Kennesaw State University Foundation
PC&E Inc.
Almark Foods Inc.
Tenor Capital Partners LLC
(g) (ii) Directorships and partnerships held within the past
five years
Pro-Link, Inc.
(g) (v) Andre Schnabl was a director of a closely held autoparts
distributor, Allied Auto Parts Inc in Atlanta, Georgia, that
negotiated with certain creditors in 1989.
For further information please contact:
MYCELX Technologies Corporation
Connie Mixon, CEO Tel: +1 888 306 6843
Kim Slayton, CFO
Cantor Fitzgerald Europe - NOMAD and Broker
David Porter Tel: +44 20 7894 7000
Richard Salmond
Celicourt Communications
Mark Antelme Tel: +44 20 7520 9266
Jimmy Lea
Notes to Editors
MYCELX is a revolutionary oil-free water technology company
solving the world's toughest oil removal problems in the oil and
gas industry. The systems are based upon scientific breakthrough
for a completely different approach to permanent oil removal. The
Company created the patented MYCELX polymer using innovative
molecular cohesion for removing oil from water far beyond what
conventional systems have ever achieved. MYCELX systems remove oil
to critically low levels in a much smaller physical footprint than
conventional systems and in a virtually fail-safe process.
www.mycelx.com
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END
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