Business
Management changes
Management changes.
About this update from Iofina Plc
[{"type":"text","content":"\n RNS Number : 2049I Iofina PLC 08 March 2010 \n \n\n \n8 March 2010\nIofina plc\n (\"Iofina\" or \"the Company\" or \"the Group\")\n \nMANAGEMENT CHANGE\n \n \nThe Board of Iofina announces that following an organisation review in the light of the broadening scope of the Company's business Lance Baller, currently Finance Director of the Group, has been appointed as CEO of the Group in place of David Schneider, with immediate effect. It is expected that a new appointment to the role of Finance Director will be made shortly.\n Also, effective immediately, Dr Tom Becker has been appointed as President of Iofina Chemical Inc.\nDr. Becker was the former vice president of Research and Development at H&S/Iofina Chemical. Iofina bought H&S Chemical in July 2009 for complete vertical integration into the iodine chemical derivatives market. Dr. Becker has conducted extensive research in both inorganic and organic halogen based chemistry. Dr. Becker has written a magnitude of published technical papers in his career. Prior to H&S Dr. Becker worked as an Oak Ridge Scholar on behalf of the US EPA and worked for various other chemical manufacturing companies. Dr. Becker earned a BS in Chemistry from Indiana University, and a PhD in Chemistry from the University of Cincinnati. He has extensive experience in scale-up of chemical processes from laboratory to pilot to full scale production and is the inventor on several chemical patents/patent applications.\nDr. Chris Fay CBE, Non Executive Chairman commented:\n\"We are continually looking to strengthen Iofina's management team and Board as evidenced by a number of personnel announcements. As the Company's focus now transitions from one of exploration and technology development towards production, contract negotiations and cash generation, the Board has concluded that Lance is best placed to lead the Company through this next phase of growth to drive shareholder value creation.\"\nFor further information, please contact: \n\n\n\n\nChris Fay, Non-Exec Chairman\nIofina plc\nTel: +44(0)20 3006 3135\n \n\n\nNominated Adviser:\nJames Harris/Angela Peace\nStrand Hanson Limited\nTel: +44(0)20 7409 3494\n \n\n\n\n\nBroker:\nRory Scott\nMirabaud Securities Limited\nTel: +44...