Business
Board Changes
Board Changes.
About this update from Mercia Asset Management Plc
[{"type":"text","content":"\n \nRNS Number : 3384Z Mercia Technologies PLC 26 May 2016 \n\n\n\n\n\nFOR IMMEDIATE RELEASE\n\n\n26 May 2016\n\n\n\n\n \nMercia Technologies PLC\n\"Mercia\" or \"the Group\"\n \nBoard Changes\n \nMercia Technologies PLC (AIM: MERC), which is focused on the creation, funding and scaling of innovative technology businesses with high growth potential from the UK regions, announces that Ray Chamberlain, the Group's current Non-executive Chair has decided that having recently reached 70 years of age now is the appropriate time for him to step down from his role, whilst remaining a Non-executive Director. Susan Searle, currently Non-executive Deputy Chair of the Group, has been appointed as the new Non-executive Chair.\n \nAs a consequence of Susan's appointment, there are a number of changes to the composition of the Audit, Nominations and Remuneration Committees. Martin Lamb will become Chair of the Audit Committee, Susan Searle will become Chair of the Nominations Committee and Ian Metcalfe will remain Chair of the Remuneration Committee. All four Non-executive Directors will also now sit on all three committees.\n \nMark Payton, Chief Executive Officer of Mercia, commented:\n \n\"On behalf of the Board, I would like to thank Ray for his significant contribution to the creation and development of Mercia Technologies to date. As a successful and long standing technology investor he has played an instrumental role in the establishment and successful flotation of our Group and I am delighted that he will remain a key member of our Non-executive team. \n \nSusan joined the Board of Mercia at the time of the Group's flotation in December 2014, bringing in-depth sector experience and expertise, having previously been the founder and Chief Executive Officer of Imperial Innovations Group plc. She has demonstrated a natural understanding of all aspects of Mercia's business model and her insights continue to prove invaluable as Mercia executes its growth strategy. \n \nThese changes provide strong continuity of leadership for the Board and I look forward to continuing to work with Susan as Chair and Ray as a Non-executive Director going forward.\"\n \n \nFor further information, please contact:\n\n\n\n\nMercia Technologies PLC\nMark Payton, Chief Executiv...