REG - Camellia PLC - Director Changes

CamelliaAnnouncement

25/04/2024 07:15

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RNS Number : 9337L  Camellia PLC  25 April 2024

 

Camellia Plc

(the "Company")

Director Changes

Camellia Plc announces that Susan Walker, Chief Financial Officer ("CFO") has
indicated her intention not to stand for re-election as CFO and director at
the forthcoming Annual General Meeting ("AGM") which is expected to be held on
6 June 2024. Susan has made a significant contribution to the Company since
her appointment as CFO in 2015 and the Company thanks her for her dedication
and exceptional expertise and leadership.

The Board has undertaken an extensive candidate search process to identify a
new CFO and is pleased to announce the appointment of Oliver Capon. Oliver is
an experienced and commercial CFO with thirty years of experience, initially
at Arthur Andersen and subsequently at Shell Plc, where he worked in the UK
and internationally. Oliver has an MEng in Engineering Science from Cambridge
University and is a Fellow of the Institute of Chartered Accountants of
England & Wales. He brings to the Company deep technical and strategic
capability, significant international business experience, strong commercial
acumen and extensive leadership skills. Oliver will initially join the Company
as Finance Director Designate on 28 May 2024 and will become CFO following the
AGM, and is expected to be appointed to the Board as a director concurrently.

Susan will continue working with Camellia to facilitate a smooth handover
until 30 September 2024 and will, as part of her new portfolio, provide
advisory support until 31 March 2025. She will remain a Non-Executive Director
of certain of the Company's boards, including the Goodricke Group Limited and
Bangladesh tea company boards.

Additional Disclosures

In accordance with the AIM Rules, the following information required to be
disclosed in relation to the director is set out below. Other than this
information, there is no further information required to be disclosed under
paragraph (g) of Schedule Two of the AIM Rules.

 Full Name:                                       Oliver Capon
 Age:                                             53
 Current beneficial shareholding in the Company:  None
 Current directorships:                           Oleah Consulting Limited
 Previous directorships within the last 5 years:  Shell Shared Service Centre - Glasgow Limited

This announcement contains inside information for the purposes of the UK
Market Abuse Regulation.

 

Enquiries

 

Camellia Plc
 
01622 746655

Simon Turner, Chairman

Byron Coombs, Chief Executive Officer

 

Panmure Gordon
 
020 7886 2500

Nominated Adviser and Broker

Emma Earl

Rupert Dearden

 

H/Advisors Maitland

PR

William Clutterbuck
 
07785 292617

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