REG - Itaconix PLC - Board Changes

ItaconixAnnouncement

19/04/2022 07:00

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RNS Number : 4997I  Itaconix PLC  19 April 2022

For release: 07.00, 19 April 2022

 

Itaconix plc

("Itaconix" or the "Company")

 

Board Changes

 

Itaconix (AIM: ITX) (OTCQB: ITXXF), a leading innovator in plant-based
specialty polymers used as essential ingredients in everyday consumer
products, announces that Dr. Bryan Dobson will retire as an independent
Non-Executive Director, to be replaced by Charlean Gmunder, with immediate
effect.

Ms. Gmunder is Chief Operating Officer of Blue Apron Holdings Inc. (NYSE:
APRN), a leader in fresh home meal kits sold and delivered directly to
consumers in North America.  She brings to the Board over 20 years of
executive experience in marketing and sales, manufacturing, operations, and
general management. Ms. Gmunder served as President and CEO of L.A. Dreyfus, a
subsidiary of Wm. Wrigley Jr. Company, from 2000 to 2006, and in executive
operating roles with National Starch, Chiquita Brands, Maple Leaf Foods,
United Airlines, and several other firms prior to joining Blue Apron in 2020.
She earned her Bachelor of Science degree in chemical engineering and her
Master of Business Administration degree from Rutgers University.

Dr. Dobson steps down after contributing to the progress of the Company as a
Non-Executive Director since 2012, including previously 3 years as the Chair
of the Board.

 

Dr. James Barber, Chair of the Board, commented:

"We are delighted that our search has resulted in Charlean's election to our
Board as an independent Non-Executive Director.  She brings a very broad
background in marketing, operations, and executive management in both B2B and
B2C contexts. We are looking forward to working with her as we continue to
expand our sales across our existing product lines and bring new, sustainable
products to market based on our plant-based ingredient platform.

I want to especially thank Bryan for his many years of dedicated service to
the Company, and for the depth of experience, thoughtfulness, and good
judgement he has brought to our Board.  We are grateful for his many
contributions to Itaconix over the years."

 

Regulatory disclosures

In accordance with Schedule 2(g) of the AIM Rules for Companies, Charlean
Louise Gmunder (nee Baiz) (aged 58) holds or has held in the past 5 years the
following directorships and partnerships:

Current

Jobs for America's Graduates New Jersey (not for profit organization, advisory
board member)

 

Save for the disclosures above, there are no further disclosures to be made in
accordance with Rule 17 and Schedule 2(g) of the AIM Rules for Companies.

 

Enquiries:

 

 Itaconix                                                     +1 (603) 775 4400
 John R. Shaw/Laura Denner

 Belvedere Communications                                     +44 (0) 20 3687 2756
 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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