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RNS Number : 7302L Itaconix PLC 05 January 2023
For release: 07.00, 5 January
2023
Itaconix plc
("Itaconix" or the "Company")
Board Change
Itaconix (AIM: ITX) (OTCQB: ITXXF), a leading innovator in sustainable
plant-based polymers used to decarbonise everyday consumer products, is
pleased to announce changes to the Board.
Paul LeBlanc is appointed to the Board as an independent Non-Executive
Director and Chair of the Audit Committee with immediate effect. He is Chief
Financial Officer and Treasurer of Bemis Associates Inc. ("Bemis"), a global
manufacturer of specialty films and adhesives for the apparel and industrial
markets. He joined Bemis in 1999 as Controller and assumed increasing levels
of responsibility during Bemis' rapid growth into a global manufacturer,
including overseeing the acquisition and integration of operations in Europe
and Asia. He earned his Bachelor of Science in Accounting from Thomas College
and his Master of Business Administration from University of Massachusetts,
Dartmouth.
In addition, Dr. Peter Nieuwenhuizen, the Company's Non-Executive Interim
Chair, who joined the Board in July 2022, now takes the role of Non-Executive
Chair on a permanent basis and with immediate effect.
The Board now comprises Dr. Peter Nieuwenhuizen (Non-Executive Chair), Paul
LeBlanc (Non-Executive Director), John R. Shaw (Chief Executive Officer), and
Laura Denner (Chief Financial Officer).
Dr. Peter Nieuwenhuizen, Chair, commented:
"As Itaconix enters a new phase of development with its rapid revenue growth,
I am pleased to welcome Paul to our Board. He is a dynamic CFO who has played
a leadership role in expanding financial and overall operations as Bemis has
grown from a domestic business with less than $40 million in revenues into an
international enterprise with over $200 million in annual revenues. As we
reach new levels of commercial progress, Paul will contribute valuable finance
knowledge and operating experience to our next stage of growth."
Regulatory disclosures
INFORMATION REQUIRED UNDER RULE 17 AND SCHEDULE 2, PARAGRAPH (G) OF THE AIM
RULES FOR COMPANIES ("AIM RULES")
Full name: Paul Daniel LeBlanc
Age: 60
Shareholding in the Company: No shares held
Current directorships and partnerships: Bemis Associates Inc.
Bemis Associates UK Limited
Bemis Hong Kong Ltd
Bemis International Inc.
PolyVisions Holdings Inc.
PolyVisions Inc.
There is no further information to be disclosed in relation to the director
appointment pursuant to Rule 17 and Schedule 2, paragraph (g) of the AIM
Rules.
- Ends -
For further information please contact:
Itaconix plc +1 603 775 4400
John R. Shaw / Laura Denner
Belvedere Communications +44 (0) 20 3008 6864
John West / Llew Angus
finnCap +44 (0) 20 7220 0500
Ed Frisby / Abigail Kelly / Milesh Hindocha (Corporate Finance)
Andrew Burdis / Sunila de Silva (ECM)
About Itaconix
Itaconix uses its proprietary plant-based polymer technology platform to
produce and sell specialty ingredients that improve the safety, performance,
and sustainability of consumer products. The Company's current ingredients are
enabling and leading new generations of products in detergents, hygiene, and
hair care. Itaconix's contributions to the global low carbon economy are
recognised by the London Stock Exchange's Green Economy Mark.
www.itaconix.com (http://www.itaconix.com/)
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