REG - Accsys Technologies - CEO Appointment

Accsys TechnologiesAnnouncement

04/04/2023 07:00

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RNS Number : 2329V  Accsys Technologies PLC  04 April 2023

AIM: AXS

Euronext Amsterdam: AXS

 

4 April 2023

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

 

Accsys Technologies PLC

("Accsys", the "Group" or the "Company")

 

Appointment of Chief Executive Officer

 

 

Accsys, the fast-growing and eco-friendly company that combines chemistry and
technology to create high performance, sustainable wood building products, is
pleased to announce that Dr Jelena Arsic van Os has been appointed Chief
Executive Officer Designate and a member of the Board of Accsys, with effect
from 1 July 2023 at the latest.  Upon her appointment becoming effective,
Stephen Odell will step down as Executive Chair and revert to his position as
an independent Chair of the Board.

Dr Jelena Arsic van Os has over 20 years' experience in senior executive
leadership roles in large-cap multinational companies.  She has a proven
track record in transforming and driving complex businesses, delivering on
profitable growth targets, as well as leading successful operational
turnarounds in both global and regional business in EMEA, APAC and South
America.  Jelena also has experience of successfully delivering large capital
projects across a number of jurisdictions, including a new protective coatings
plant in Brazil and capacity extensions in industrial coatings in Argentina
and powder coatings in the US, Middle East and China.

Jelena is currently Vice President Plastics, Coatings, Adhesives and Rubber
Performance Minerals EMEA and APAC at Imerys SA.  Imerys is a global leader
in mineral-based specialty solutions with a strong footprint in sustainable
construction. Headquartered in Paris (https://en.wikipedia.org/wiki/Paris)
 and with operations in over 40 countries, Imerys is a constituent of
the CAC Mid 60 (https://en.wikipedia.org/wiki/CAC_Mid_60)  index.

Prior to Imerys, Jelena held a number of senior executive positions across the
globe during her 17 years tenure at AkzoNobel, the large-cap, chemicals and
coatings company.  The multinational, which operates across more than 150
countries, is listed on Euronext Amsterdam and is a constituent of the AEX
Index (top 25 listed companies in the Netherlands).  During her time at the
company, Jelena was a member of AkzoNobel's Executive Leadership Team and her
positions included: Director Performance Coatings South America; Director
Functional Powder Coatings Gmbh; Director Powder Coatings North Europe;
Business Director Resins; Business Development Industrial Chemicals; and Sales
and Marketing Functional Chemicals CEE, Middle East and India.

Jelena has a PhD in Solid State Chemistry from Radboud University Nijmegen,
Netherlands.

Stephen Odell, Chairman of Accsys Technologies PLC, commented:

"On behalf of the Board, I am delighted that Jelena is to become Accsys' new
Chief Executive Officer.  Jelena's considerable and relevant experience makes
her a great fit for Accsys and well qualified to lead the business into the
next phase of growth as we continue with our mission of changing wood, to
change the world.  I look forward to welcoming her to the Company at the
beginning of July."

On her appointment, Dr Jelena Arsic van Os, said:

"I am very excited to be joining Accsys.  As the Chief Executive Officer and
a member of the Board, I will be committed to bringing my perspective and
experience to the Company, collaborating with the talented Accsys team to
drive the organisation in unlocking its full potential and maximising value
creation for our customers and stakeholders."

The following disclosures are required regarding Dr Jelena Arsic van Os's
appointment pursuant to Schedule 2 paragraph (g) and Rule 17 of the AIM Rules
for Companies:

Full name: Dr Jelena Arsic van Os

Age: 52 years

Current Directorships: None

 

Directorships held in the past five years:  None

 

There are no other matters in relation to the appointment of Dr Jelena Arsic
van Os which are required to be disclosed in accordance with the AIM Rules for
Companies.

 

Ends

This announcement comprises inside information for the purposes of EU MAR and
UK MAR. The person responsible for making this announcement is Nick Hartigan,
General Counsel and Company Secretary, Accsys Technologies PLC.

 

For further information, please contact:

 Accsys Technologies PLC                         +44 (0) 7783 776080

Katharine Rycroft, Head of Investor Relations
 Numis Securities (London)                       +44 (0) 20 7260 1000
 Oliver Hardy (NOMAD), Ben Stoop
 Investec Bank plc (London)                      +44 (0) 20 7597 5970
 Carlton Nelson, Alex Wright

                                               +31 20 344 2000
 ABN Amro (Amsterdam)
 Richard van Etten, Dennis van Helmond
 FTI Consulting (UK)                             +44 (0) 20 3727 1340

Matthew O'Keeffe, Alex Le May
 Off the Grid (The Netherlands)                  +31 681 734 236

Frank Neervoort, Yvonne Derske

 

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 Accoya(®) wood and Tricoya(®) wood elements:  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 an up to 50-year warranty, locking carbon stored in
the wood into useful products for decades, with performance characteristics
that match or better those of non-renewable, resource-depleting and polluting
alternatives.  Accsys is listed on the London Stock Exchange AIM market and
on Euronext Amsterdam, under the symbols 'AXS'.  Visit www.accsysplc.com
(http://www.accsysplc.com)

Accoya(®) solid wood is sustainable, durable, and stable 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. It 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. Primary applications
for Accoya(®) wood include windows, doors, cladding and decking, where the
combination of performance and sustainability benefits compete favorably
against hardwoods, plastics, metals and concrete. Visit www.accoya.com
(http://www.accoya.com)

Tricoya(®) acetylated wood elements are produced for use in the fabrication
of panel products such as medium density fibreboard (MDF). Panel products made
with Tricoya(®) wood elements are truly durable and stable enough for use
outdoors and in wet environments, unlocking new possibilities for design and
construction. They have been lauded as the first major innovation in the wood
composites industry in more than 30 years and bring the flexibility of
traditional panel products and sustainability benefits of wood to a whole new
range of applications. Visit www.tricoya.com (http://www.tricoya.com)

Any references in this announcement to agreements with Accsys shall mean
agreements with either Accsys or its subsidiary entities unless otherwise
specified. '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 brand trademark, from
Tricoya Technologies Limited, a subsidiary of TWL with exclusive rights to
exploit the Tricoya(®) brand.

 

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