REG - GETECH Group plc - Directorate Change

GetechAnnouncement

08/10/2024 09:45

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RNS Number : 3580H  GETECH Group plc  08 October 2024

08 October 2024

 

 

Getech Group plc

("Getech" or the "Company")

Directorate Change

Getech, a world-leading locator of subsurface resources, today announces that
Andrew Darbyshire has notified the Board of his decision to step down as Group
CFO and Director on 31(st) October 2024. Getech has made an internal
appointment to the role of Director of Finance to manage the day-to-day
finance functions, and is actively recruiting an interim CFO. Further updates
will be made in due course.

Michael Covington, Getech Chair commented:

"The Board and I are immensely grateful for Andrew's unstinting service and
contribution to Getech over the past ten years and we wish him every success
in his next chapter. Andrew has played an instrumental role in the Group's
efforts to deliver significant cost reductions whilst also growing recurring
revenues. Andrew has played a significant part in Getech's successful
diversification into the energy transition and the introduction of a new
equity participation structure that focusses on natural hydrogen."

Andrew Darbyshire commented:

"In my ten years at Getech, I am proud of how the business has been
transformed to become a significant facilitator of the energy transition;
Getech's team of world leading geoscience and geospatial experts has taken its
unique products and solutions, originally developed for the petroleum
industry, and has repurposed them to also locate natural hydrogen, critical
minerals and geothermal energy sources.

With the recently-strengthened balance sheet, the business is well placed to
take advantage of new opportunities in these areas, and is now funded to
expand its sales and data science teams. Whilst I have personally decided that
it is the right time to take up a new challenge, I have every confidence that
Getech is in a strong position for future growth."

 

For further information, please contact:

 

 Getech Group plc

 Richard Bennett, CEO                               Tel:  0113 322 2200

 Cavendish Capital Markets Limited

 Neil McDonald / Pete Lynch (Corporate Finance)     Tel:  0207 397 8900

 Michael Johnson / Dale Bellis (Sales)

 Novella Communications                             Tel: 0203 151 7008
 Tim Robertson / Claire de Groot / Safia Colebrook
 getech@novella-comms.com

 

Notes to editors:

 

Getech Group plc (AIM: GTC) applies its world-leading geoscience data and
unique geospatial software products to accelerate the energy transition by
locating, developing and operating geoenergy and green hydrogen projects.

 

For further information, please visit www.getech.com (http://www.getech.com/)
.

 

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