Business
Directorate changes & share options
Directorate changes & share options.
About this update from Eden Research Plc
[{"type":"text","content":"\n \nRNS Number : 3199P Eden Research plc 18 August 2014 \n \n\nEden Research Plc\n(\"Eden\" or \"Company\")\n \nDirectorate changes & share options\n \nEden Research plc (AIM: EDEN), the AIM listed natural micro-encapsulation company, announces the appointment of Sean M. Smith as Chief Executive Officer of Eden, with effect from 1 September 2014. At the same time, Ken Brooks, currently Executive Deputy Chairman will become Non-Executive Director and Clive Newitt, Managing Director, will become Business Development Director.\n \nMr Smith has extensive experience as an international business leader with a record of success and career progression over 25 years within large corporate and start-up environments. Mr Smith joins Eden Research from Intellectual Ventures having been Head of Europe, Innovation Advisor within its Invention Development Fund. Intellectual Ventures collaborates with leading inventors, partners with pioneering companies and invests both expertise and capital in the process of invention. Sean was responsible for the Invention Development Fund's efforts in Europe and secured deals across multiple channels and technology areas. \n \nBetween January 2012 and December 2013, Mr Smith was CEO for MatOx Group, a group of companies that develop and commercialise new materials technologies. During his time at MatOx, Mr Smith secured multiple high-value, long term technology commercialisation contracts, secured substantial non-dilutive funding commitments and agreed terms for the investment of up to €1.65m from US and European private equity and venture capital investors. \n \nMr Smith has an in-depth knowledge of the speciality chemical and biotechnology sectors Eden works in having led life sciences technology commercialisation at Bath Ventures (The University of Bath) and previously leading Ciba's business development activities in the area of bioprotection. He obtained his Bachelor of Arts (Honours) degree from the University of Kansas in Microbiology.\n \nTom Lupton, Non-Executive Chairman of Eden Research, said: \"The restructuring of the Board and Sean's appointment as Chief Executive comes at a key inflection point for the business. In recent months we have seen the products using Eden's GO-E™ technology sold to customers for the first time and with the huge progress that h...