REG - Accsys Technologies - Directorate Change

Accsys TechnologiesAnnouncement

12/12/2023 07:15

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RNS Number : 4670W  Accsys Technologies PLC  12 December 2023

AIM: AXS

Euronext Amsterdam: AXS

 

12 December 2023

 

Accsys Technologies PLC

("Accsys" or the "Company")

 

Directorate Appointments

 

Accsys, the fast-growing company that enhances the natural properties of wood
to make high performance and sustainable building products, is pleased to
announce the following appointments to its Board of Directors.

 

Appointment of Non-Executive Chair of Accsys

 

Further to the announcement on 12 September 2023, Accsys announces that the
Board has appointed Trudy Schoolenberg as permanent Non-Executive Chair of
Accsys after due process, including consultation with shareholders. Beyond her
extensive experience with the Accsys business over the past five years, her
appointment as Chair will contribute further stability and continuity to the
Board. Trudy will also be appointed Chair of the Nomination Committee. Both
her appointments will be effective from 12 December 2023.

 

Trudy was announced Interim Chair on 12 September 2023 having joined the
Accsys Board as a Senior Independent Director in April 2018. Trudy has almost
30 years of experience working for blue-chip companies in the chemicals,
engineering and high-performance product sectors. She spent over 20 years with
Royal Dutch Shell where she led in R&D, operations and business strategy.
She continued her career leading R&D in Wartsila, a blue-chip Finland
based engineering company. Later she moved to AKZO Nobel decorative paints,
where she was global Director for R&D, Manufacturing and Supply Chain.
Trudy has over 10 years of experience as a Non-Executive Director for UK plc
businesses, including roles as Senior Independent Director at Spirax Sarco
Engineering plc, Elementis plc and TI Fluid Systems plc.

 

Appointment of Edwin Bouwman

 

In addition, Accsys announces the appointment of Edwin Bouwman as a
Non-Executive Director with effect from 12 December 2023. Edwin has been
appointed by Teslin Participaties Coöperatief U.A. and "De Engh" B.V. under
the terms of a Relationship Agreement dated 21 November 2023 and he will
consequently be classified as non-independent. Edwin will also be a member of
the Audit and Remuneration Committees.

 

Edwin brings over 30 years of experience in the energy and building materials
industry and has held executive roles at both public and private multinational
companies, including Royal Dutch Shell, Roto Smeets NV, CRH Plc and SHV
Energy. During his career Edwin has established a track record of successful
business transformation, delivering both organic and acquisitive growth
strategies to enable substantial portfolio performance improvement.

 

Edwin currently serves as Non-Executive Director of Intergamma Coöperatief
U.A where he is Chair of the Risk and Audit committee, and CliniClowns where
he is Chair of the charity's Audit Committee.

 

Trudy Schoolenberg, Chair of Accsys, commented:

 

"I am delighted to have been appointed as Chair of Accsys. I am also pleased
to welcome Edwin to the Board and we look forward to benefitting from his
highly relevant experience. As I look ahead I believe Accsys is a business
with tremendous opportunity, able to navigate the near-term market challenges
and capable of meeting its significant potential. I look forward to supporting
our CEO, Dr. Jelena Arsic van Os and the wider team in my role as Chair."

 

Dr. Jelena Arsic van Os, Chief Executive Officer of Accsys, added:

 

"I am very pleased with the appointments of Trudy Schoolenberg as Chair and
Edwin Bouwman as Non-Executive Director given their strong industry knowledge.
I am confident that the Accsys Board will benefit greatly from their sector
experience and background."

 

The following information is disclosed in accordance with paragraph (g) of
Schedule Two of the AIM Rules for Companies in relation to Edwin Bouwman's
appointment to the Board as Non-Executive Director:

Full name: Edwin Henricus Odette Maria Bouwman

Age: 56 years

Current Directorships: Intergamma Coöperatief U.A., Stichting CliniClowns
Nederland, Badhuis Holding B.V., Badhuis Management Services B.V.

 

Directorships held in the past five years: CRH Nederland B.V., Calor Group
Limited, Liquigas S.p.A., SHK Grundstucks GmbH, CRH Deutschland GmbH, CRH
Grundbesitz GmbH.

 

There are no other matters in relation to the appointment of Edwin Bouwman
which are required to be disclosed in accordance with the AIM Rules for
Companies.

 

Edwin Bouwman holds no shares in Accsys.

--ENDS---

For further information, please contact:

 Accsys Technologies PLC                            ir@accsysplc.com (mailto:ir@accsysplc.com)

Investor Relations
 Numis Securities (London)                          +44 (0) 20 7260 1000
 Oliver Hardy (NOMAD), Ben Stoop
 ABN AMRO Bank N.V. (Amsterdam)                     +31 20 628 5789
 Julie Wakkie, Diederik Berend
 FTI Consulting (UK)                                +44 (0) 20 3727 1340

Matthew O'Keeffe, Alex Le May
 Communications (NL)

 Clemens Sassen, Tessa Nelissen, Huijskens Sassen   +31 (0) 20 68 55 955

 

 

 

 

 

Notes to editors:

 

Accsys (Accsys Technologies PLC) is a fast-growing business with a purpose:
changing wood to change the world. The Company combines chemistry, technology
and ingenuity to make high performance wood products that are extremely
durable and stable, opening new opportunities for the built environment and
giving the world a choice to build sustainably.

Accsys transforms fast-growing, certified sustainable wood into building
materials with characteristics that match or better those of man-made,
intensely resource-depleting and heavily carbon-polluting alternatives.

The Company's primary focus is on the production of Accoya wood and Tricoya
wood elements, as well as technology licensing via its subsidiaries Titan Wood
Limited and Tricoya Technologies Limited.  Accsys has its head office in
London, UK, production operations in Arnhem, the Netherlands, an American
office in Dallas, Texas, and is constructing the world's first Tricoya plant
in Hull, UK.

Accsys is committed to a more sustainable world and uses abundantly available
wood sources that are certified as sustainable. With our business model
already aligned with several UN Sustainable Development Goals, Accsys is
currently working on identifying further strategic ESG priorities to have an
even greater positive impact on the world.

Any references in this announcement to agreements with Accsys shall mean
agreements with either Accsys or its subsidiary entities unless otherwise
specified.  Accsys Technologies PLC is listed on the London Stock Exchange
AIM market and on Euronext Amsterdam, under the symbols 'AXS'.

More information about Accsys can be found at www.accsysplc.com
(http://www.accsysplc.com)

Accoya wood is a sustainable, durable and stable solid wood product with
exceptional performance, finish and sustainability. Accsys' proprietary
acetylation process makes the wood more dimensionally stable and, because it
is no longer easily digestible, extremely durable. Produced from certified
(e.g. FSC(®)) sustainable sources, Accoya wood has many environmental
credentials and ecolabels, and is one of very few building materials to be
Cradle to Cradle Certified™ at the Gold level, with a Platinum rating for
Material Health, confirming that no harmful or toxic additives or chemicals
are present to leach out into the environment.

With an up to 50-year warranty and 70+ year service life, the combination of
sustainability, dimensional stability, durability and retained strength means
that Accoya wood offers a wealth of new opportunities to architects,
designers, specifiers, manufacturers and homeowners. These benefits result in
lower maintenance and total cost of ownership while also offering significant
sustainability benefits. For more information about Accoya wood, visit
www.accoya.com (http://www.accoya.com) .

Tricoya wood elements (www.tricoya.com (http://www.tricoya.com) ) are produced
using Accsys' proprietary technology for the acetylation of wood chips and
particles for use in the fabrication of panel products such as medium density
fibreboard (MDF) and particle-board.

Panel products made with Tricoya wood elements are truly durable and stable
enough for use outdoors and in wet environments. Combining the sustainability,
durability and stability from our acetylation process with the ease of use and
quality finish of wood panel products, the enhanced durability and dimensional
stability opens new opportunities for the use of these products, making them
suitable in applications and environments that previously required solid wood,
synthetic or unsustainable materials.

Tricoya wood elements have been lauded as the first major innovation in the
wood composites industry in more than 30 years. For more information about
Tricoya wood elements, visit www.tricoya.com (http://www.tricoya.com) .

Wood acetylation is a process which increases the naturally occurring acetyl
content of wood, thereby changing its physical properties. When carried out to
a sufficient degree throughout the wood, as with Accsys' proprietary process,
it significantly reduces the ability of the wood to absorb water without
adding any toxic or harmful compounds, elements or substances that were not
already present in the wood. This makes it much more dimensionally stable and,
because it is no longer easily digestible to most organisms, extremely
durable.

'Accsys' and 'Accsys Technologies' are trading names of Titan Wood Limited
("TWL"), a wholly-owned subsidiary of Accsys Technologies PLC. Accoya, Tricoya
and the Trimarque Device are registered trademarks owned by TWL and may not be
used or reproduced without written permission from TWL, or in the case of the
Tricoya registered trademark, from Tricoya Technologies Limited, a subsidiary
of TWL with exclusive rights to exploit the Tricoya brand.

 

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