REG - Accsys Technologies - Directorate Update

Accsys TechnologiesAnnouncement

24/09/2024 07:00

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RNS Number : 3214F  Accsys Technologies PLC  24 September 2024

AIM: AXS

Euronext Amsterdam: AXS

 

24 September 2024

 

Accsys Technologies PLC

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

 

Appointment of Chief Financial Officer

 

 

Accsys, the world's leading supplier of premium, high performance and
sustainable wood building materials is pleased to announce that Sameet Vohra
has been appointed Chief Financial Officer and a member of the Board of
Accsys, with effect from 30 September 2024.

Sameet has more than 25 years' experience in finance, with over 20 years'
experience working in UK listed PLCs primarily across manufacturing,
engineering, and natural resources. He has a broad skillset and strengths
gained in senior finance leadership roles including strategy execution,
performance improvement, M&A, IT, risk management, transformation
programme leadership and financial management.

Sameet most recently served as CFO of Sureserve Group PLC and has previously
held positions including CFO of Science Group PLC, Group Director of Finance
at Spectris PLC and Group Financial Controller at TT Electronics PLC. He
qualified as a chartered accountant with KPMG and is a member of the Institute
of Chartered Accountants in England and Wales.

Hans Pauli, currently serving as Interim Chief Financial Officer and a member
of the Board of Accsys, will step down from these roles on 30 September 2024
and take the position of managing director of the Arnhem plant.

Dr Jelena Arsic van Os, CEO Accsys Technologies PLC, commented:

"I am very pleased to welcome Sameet to Accsys. With a proven track record as
a CFO of publicly listed companies, he brings a wealth of experience in
accelerating growth and enhancing business performance. Sameet is joining us
at an exciting and transformative time for the Company with the new US plant
now open and our FOCUS strategy being rolled out.  I would also like to
express my gratitude to Hans Pauli for his consistent professional support and
adaptability during his time as interim CFO."

The following disclosures are required regarding Sameet Vohra's appointment
pursuant to Schedule 2 paragraph (g) and Rule 17 of the AIM Rules for
Companies:

Full name: Sameet Vohra

Age: 50 years

Current Directorships: The Grange Wraylands Drive Reigate Limited

 

Directorships held in the past five years: Arbed AM Byth Limited, Precision
Lift Services Limited, Sureserve Group Limited, Sureserve Compliance Services
Limited, Sureserve Energy Services Limited, Smart Metering Limited, Bury
Metering Services Limited, Sureserve Holdings Limited, Aaron Services Limited,
Sure Maintenance Limited, Sureserve Design & Build Limited, Sureserve
Asset Services Limited, H2O Nationwide Limited, Providor Limited, K & T
Heating Services Limited, Sureserve Fire And Electrical Limited, Just Energy
Solutions Limited, Sureserve VGS Limited, Vinshire Gas Services Limited,
Everwarm Ltd, Corenergy Limited, OTM Consulting Ltd, Frontier Smart
Technologies Limited, Technology Sciences Group Consulting Limited, Oakland
Innovation Limited, Quadro Harston Limited, Science Group PLC, Sagentia
Limited, Quadro Epsom Limited, Leatherhead Research Limited and TSGE
Deutschland GmBH.

 

In addition, Sameet Vohra was a director of the following companies
(subsidiaries of Science Group PLC) in the past five years which were
voluntarily struck-off after he had resigned as a director and left the
Science Group PLC group: SG Bidco Ltd, Technology Sciences Group Limited and
Frontier Microsystems Limited.

 

Sameet Vohra was a director of the following companies (subsidiaries of TT
Electronics PLC) when they were put into members voluntary liquidation: AB
Microelectronics Limited, TTG Electronics Limited, AB Electronic Assemblies
Limited, Vactite Limited, Northumbria Circuits Limited, C & S Hogarth
Limited and Cable Realisations Limited.

 

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

 

Ends

 Enquiries:

Investor Relations /
Analysts:
ir@accsysplc.com (mailto:ir@accsysplc.com)

 

Media:  Clemens Sassen, Tessa Nelissen, Huijskens Sassen Communications
(NL)                  +31 (0) 20 68 55 955

 

Deutsche Numis (London):  Oliver Hardy (NOMAD), Ben Stoop
                                  +44 (0) 20 7260 1000

 

ABN Amro (Amsterdam):  Richard van Etten, Dennis van Helmond
                               +31 20 344 2000

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'.

Accsys is a Participant of the United Nations Global Compact and adheres to
its principles-based approach to responsible business.

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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