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HYR - Hydrodec News Story

3.8p 0.0  0.0%

Last Trade - 18/09/20

Market Cap £1.08m
Enterprise Value £11.6m
Revenue £12.1m
Position in Universe 1778th / 1807


Wed 7th December, 2011 7:01am
RNS Number : 4861T
HydroDec Group plc
07 December 2011

07 December 2011



Hydrodec Group plc

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



Appointment of Chief Operating Officer


Appointment of Corporate Development Manager


Directorate Change



The Board of Hydrodec Group plc, the cleantech industrial oil re-refining group (AIM:HYR), is pleased to announce the appointments of David Robertson as Chief Operating Officer (COO) and Lee Taylor as Corporate Development Manager with effect from January 2012. The Group also announces that Stephen Harker, Managing Director, Oils and Chemicals, has resigned from the Board for personal reasons with effect from 31 December 2011.  Mr Harker will continue to work for the Group until 31 March 2012 in order to ensure an orderly transition and handover to Mr Robertson.


David Robertson spent 30 years at BP plc, with 10 years in executive level roles concluding as Technology Vice President, Conversion, in the Refining and Marketing segment.  Since leaving BP in 2009 he has held the position of COO at a US based technology start-up business in the energy / waste sectors, with accountability for R&D, projects and operations.  He has worked in the US for the past 13 years.  He will be based in Sydney, Australia.


Lee Taylor was previously a corporate partner at Linklaters for 15 years where he was global head of the Energy and Utilities sector. He has structured and advised BP on several groundbreaking transactions in the oil and gas industry, including the Amoco merger, the Burmah Castrol takeover and the BP / TNK joint venture.


Mr Robertson and Mr Taylor will work alongside newly appointed Chief Executive, Ian Smale, former Group Head of Strategy & Policy at BP. Their appointments, which are non-Board positions, further strengthen the experience and expertise of the executive management team as the Group positions itself for the next stage of its international development.


Neil Gaskell, Chairman, said: "We thank Stephen for his contribution to Hydrodec, especially in strengthening the Group's marketing strategy which has been transformed during his time with us, and we wish him well for the future. We are delighted to welcome individuals of David and Lee's calibre to our team. They bring extensive experience in the sector and will become a key part of Hydrodec's growth and development."


For further information please contact:

Hydrodec Group plc

020 7786 9810

Neil Gaskell, Chairman

Mike Preen, Head of Corporate and Legal Affairs



Numis Securities Limited

020 7260 1000

Nominated Adviser: Hugh Jonathan

Corporate Broker: David Poutney, Alex Ham



Luther Pendragon

020 7618 9100       

Neil Thapar, Alexis Gore


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