REG - Xeros Tech Grp plc - Directorate Change

Xeros TechnologyAnnouncement

25/07/2022 07:00

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RNS Number : 4922T  Xeros Technology Group plc  25 July 2022

 

 

This announcement contains inside information

 

25 July 2022

 

Xeros Technology Group plc

 

('Xeros' or the 'Company' or the 'Group')

 

Directorate Change

 

Xeros Technology Group plc (AIM: XSG), the creator of technologies that reduce
the impact of clothing on the planet, is pleased to advise that further to the
announcement on 18 March 2022, the Board has concluded its search process and
Neil Austin will be appointed as Chief Executive Officer, effective 1 August
2022.

 

Neil has extensive commercial sales and management experience in the global
domestic appliance manufacturing industry, having recently served as Managing
Director of Strix (U.K.) Limited, where his focus was on the consumer goods
division including water filtration. Prior to this position, Neil was Chief
Commercial Officer of Neurovalens Limited, and he previously held roles as
Sales Director at Glen Dimplex, Consumer Goods division, and as Sales Manager
at Whirlpool Corporation.

 

Klaas de Boer, Chairman of Xeros commented:

 

"We are delighted to welcome Neil as Chief Executive Officer of Xeros. Given
his highly relevant background and experience, the Board is confident that he
will assist in driving growth, with a clear focus on accelerating the adoption
of Xeros's solutions at scale."

 

Neil Austin, incoming Chief Executive Officer of Xeros commented:

 

"With extensive experience in the domestic appliances industry, I have been
aware of Xeros's revolutionary technology for many years. The opportunity to
help the business continue its vitally important mission to improve
sustainability in the laundry and garment sectors is both a privilege and an
honour. I am confident that by building on the solid foundations laid by the
team, we are ready for the commercial breakthrough that the technology
deserves."

 

Outgoing Chief Executive Officer, Mark Nichols, will step down from the Board
on 1 August 2022 and leave the Company on 30 September 2022.

 

 

 Enquiries:

 Xeros Technology Group plc                        Tel: 0114 321 6328

 Klaas de Boer, Chairman

 Paul Denney, Chief Financial Officer
 finnCap Limited (Nominated Advisor & Broker)      Tel: 020 7220 0500

 Julian Blunt / Teddy Whiley, Corporate Finance

 Andrew Burdis / Sunila de Silva, ECM
 Yellow Jersey PR                                  Tel: 020 3004 9512

 Sarah Hollins / Lilian Filips / Laurie Gellhorn

Notes to Editors

POWERED BY SCIENCE, XEROS CREATE TECHNOLOGIES ENGINEERED FOR THE FUTURE

 

Born out of textile research and advancing new standards of performance and
responsibility, Xeros' technologies revolutionise the way we make and clean
our clothes, conserving water and preventing waste. Designed to impact
industries and people on a global scale, Xeros transforms the performance,
impact and economics of the fashion and washing machine industry.

 

Xeros enables the scaling of its innovations and impact by licencing its
intellectual property to partners across the globe. Their work has, to date,
created 38 patent families.

 

Xeros' technologies are already in use in major global industries, including
commercial and home laundry and garment manufacture. So far, these
technologies have saved millions of litres of water and could prevent billions
of microfibres from ending in our oceans.

 

TO THE POWER OF CHANGE

 

xerostech.com (http://www.xerostech.com/)

 

The following information regarding the appointment of Neil Alexandre Austin,
aged 43, is disclosed under Schedule 2(g) of the AIM Rules for Companies:

 Current directorships and/or partnerships:  Former directorships and/or partnerships (within the last five years):
 SNA Consulting LTD                          Strix (U.K.) Limited
                                             WHIRLPOOL UK PENSION SCHEME TRUSTEE LIMITED

 

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.

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