REG - Zenova Group PLC - Board Changes

ZenovaAnnouncement

28/06/2023 07:00

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RNS Number : 1100E  Zenova Group PLC  28 June 2023

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28 June 2023

 

Zenova Group PLC

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

 

Board Changes

 

Zenova Group PLC (AIM: ZED), a provider of innovative fire safety and heat
management technology and products, announces changes to the Board and
executive management team aimed at increasing the capacity of the management
team to enable them to effectively pursue and close new business opportunities
generated by the sales team.

 

Zenova is entering the next stage of growth and is realigning operational
capacity to transition from R&D, testing and certification to sales growth
and customer delivery. Tony Crawley, Chief Executive Officer, will step down
from the Board and will be assuming the role of Sales Project Director, with
immediate effect. Also with immediate effect, Thomas Melchior (the current
CFO) is hereby appointed as interim Chief Executive Officer. Thomas has a
proven track record in business strategy, expansion, change and turnaround
situations with a focus on global technology-driven, customer-focused
businesses.

 

Zenova has appointed Farakh Farid to the non-Board role of Chief Financial
Officer. Farakh is an experienced Chartered Certified Accountant with Big-4
and international asset management, ed-tech, telecoms, fintech, real estate,
construction and manufacturing experience.

 

Don Nicolson has chaired the Board of Directors since the company was admitted
to AIM in July 2021 and is now reverting back to the role of Non-Executive
Chairman having, in his former executive capacity, aligned the senior
management team to steer the company towards its next phase of revenue
generation and growth. In addition, Fiona Rodford will take up the role of
Executive Vice-Chairperson, effective immediately. Fiona has had a career
spanning large global businesses both FTSE and private focusing on people and
change at Executive Board level. She has extensive transformation and M&A
experience both leading and being part of complex transactions. She is
currently the Deputy Chair of Pilotlight.

 

The Company believes that these arrangements will increase its effectiveness
in increasing market penetration of Zenova's products. Thomas Melchior, in
addition to directing a more focused sales effort, will manage the
administrative, regulatory and manufacturing tasks that increase as the
operation matures. The near-term focus of the CEO will be the delivery of
increased sales in the forthcoming 12 months combined with rigorous cost
management and improved brand recognition.

 

Thomas Melchior, Chief Executive of Zenova Group PLC commented: "Zenova has
established a very powerful range of solutions to the global problems of
increased fire risk as well as energy conservation and carbon footprint
reduction and we are now well placed to provide these having fully validated
our products to support these initiatives. As our revenues increase and there
is an increasing awareness of our products the newly formed senior executive
team will drive the growth of Zenova. We are grateful to Tony Crawley for his
efforts in achieving the certification that provides the confidence in our
customer base and l look forward to working with him in developing project
sales going forward."

 

Zenova Group PLC Non-Executive Chairman, Don Nicolson, added: "Tony's
extensive product knowledge and his new role will allow him the capacity to
more aggressively pursue sales opportunities. Zenova has remarkable,
life-changing products and I look forward to next stage of the business as we
develop existing opportunities to the fullest extent, grow new markets and
look to deliver rapid and sustainable sales growth."

 

 

 

For further information please contact:

 

 Zenova Group PLC
 Thomas Melchior, Chief Executive Officer  Via Orana Corporate LLP: Anthony Eastman

 Don Nicolson, Non-Executive Chairman      Tel: +44 20 3475 6834
 SPARK Advisory Partners Limited (Nominated Adviser)
 Matt Davis / Adam Dawes                   Tel: +44 20 3368 3550
 SI Capital Limited (Broker)

 Nick Emerson

                                                      Tel: +44 1483 413 500

 

About Zenova Group PLC:

 

The Group, through Zenova Ltd, is the holder of intellectual property that
underpins a suite of fire safety and temperature management products and
technology. The product range is applicable to industrial, commercial, and
residential markets. The Group's products include fire retardant paints,
insulating paints and render, fire extinguishing fluid and applications.
Through innovative development, and a refined formulation and development
process, Zenova provides industry leading solutions across a range of fire
protection and temperature management problems, comprising:

Zenova (https://zenovagroup.com/products/zenova-fp/) FP
(https://zenovagroup.com/products/zenova-fp/)

A water-based fire-protection paint that prevents ignition and spread of fire.
It can be used in commercial, industrial, and domestic applications on variety
of materials, from wood to metal.

Zenova (https://zenovagroup.com/products/zenova-fx/) FX
(https://zenovagroup.com/products/zenova-fx/)

Patent pending fire extinguisher filled with proprietary Zenova Fluid (Zenova
FXB) that extinguishes all types of fires, reduces chances of re-ignition,
works in cold (-15 ̊C) conditions, is non-toxic and does not produce harmful
by-products.

Zenova (https://zenovagroup.com/products/zenova-ip/) IP
(https://zenovagroup.com/products/zenova-ip/)

Thermal insulation paint that creates a thermal barrier, provides thermal
reflection of sunrays and infrared radiation, anti-condensation, and
anti-mould properties. It can be applied to virtually any exterior or interior
material, regardless of the surface.

Zenova (https://zenovagroup.com/products/zenova-ir/) IR
(https://zenovagroup.com/products/zenova-ir/)

Thermal insulation render to enhance the effectiveness of insulation by
creating a thermo shield. It fills all cavities and gaps regardless of
geometric shape and creates a vacuum - the most effective insulator.

ZENOVA (https://zenovagroup.com/products/zenova-cs/) WB
(https://zenovagroup.com/products/zenova-cs/)

 

A wildfire barrier fluid (applied via spray wands or aerial drops), which
provides a virtual barrier where fire simply will not burn. Repeated tests on
a variety of extremely dry wildfire fuels (grasses, hays, brush) demonstrates
the incredible fire resistance Zenova WB provides, while remaining viable
after application for 30+ days in dry conditions.

 

The Group has achieved this without compromising the sustainability of natural
and economical resources, including personal health and safety, with
ecologically sound products.

Further information on the Group can be found at www.zenovagroup.com
(http://www.zenovagroup.com/)

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