Business
Board and Management Change
Board and Management Change.
About this update from Nanoco Group Plc
[{"type":"text","content":"\n\n For immediate release\nNanoco Group PLC\n(\"Nanoco\", the \"Group\", or the \"Company\")\n \nBoard and Management Change\n \nNanoco Group plc (LSE: NANO), a world leader in the development and manufacture of cadmium-free quantum dots and other specific nanomaterials emanating from its technology platform, today announces a future organisation change intended to support the company's success.\nHaving led the company through a period of significant change and delivered financial stability, CEO Brian Tenner has advised the Board of his intention to leave the Company to pursue new opportunities.\nThe Board and Brian have agreed that he will stay in role until a successor has been appointed and provide a period of handover and consultation. A search is underway to identify a CEO with a proven track record of commercial success in the sector.\nThe market has previously been advised that Chris Richards would step down as chairman at the next AGM of the company, after nine years on the Board. However, Chris Richards has now committed to stay in role and provide continuity until a new CEO is in place.\nChristopher Richards, Chairman of Nanoco Group plc, said:\n\"The Board is grateful to Brian for leading the business through challenging times in which we achieved a number of significant milestones, not least the settlement of litigation with Samsung. The financial outcome allowed us to reward shareholders for their support with a return of capital but also underpinned a solid foundation for the future in the company's strong cash position. A new CEO will be able to take the business forward on that basis and focus on further developing the company's commercial traction. On behalf of everyone at Nanoco, the Board thanks Brian for his substantial contribution and wishes him and his family all the best for the future.\"\nBrian Tenner, CEO of Nanoco Group plc, said:\n\"I have been honoured to lead the talented team at Nanoco while building the business for six years, first as COO and CFO and then as CEO. The transition to a period in which a successor can focus squarely on the commercial development of the company is a good moment to start the process of identifying the successful candidate and handing the baton on.\"\n \nFor further information, please contact:\n \n\n\n\n\nNanoco Group plc: &n...