GETECH Group plc
24 July 2007
GETECH Group plc
New appointments
GETECH Group plc ('GETECH' or 'the Company'), the oil services business
specialising in the provision of exploration data and petroleum systems
evaluations, is pleased to announce the appointment of Raymond Wolfson, a
Non-Executive Director of the Company, as Chief Executive Officer. Mr Wolfson,
aged 53, a Chartered Accountant, has been involved with the commercialisation of
university skills and intellectual property since 1991, most recently as
Director of Commercialisation Services at the University of Leeds but formerly
as Financial Director and then Investment Director in the University's
technology transfer company. He has been associated with GETECH since 1992 and
has been a Non-Executive Director since 2000 when GETECH spun-out as a separate
company.
Mr Wolfson, who will join the Company as a full-time executive on 5 November
2007, complements the current management team in providing a broad experience of
management, commercial and financial operations in growing, technology-based
companies. In addition, his experience of corporate strategy is expected to
provide an accelerator for the Company's growth plans.
In conjunction with this appointment, Professor Derek Fairhead, the founder and
Managing Director of GETECH, will take on the new role of Executive Chairman
when Mr Wolfson joins the Company as a full-time executive.
The Board believes that together these appointments will enable the Company both
to drive forward its commercial strategy and to consolidate its present
operations. Commenting on these appointments, Peter Stephens, Non-Executive
Chairman of GETECH, said:
'We are delighted to have been able to appoint Raymond Wolfson to this role.
With his general business and financial experience, and his long-standing
knowledge of GETECH in particular, we believe that he and Professor Fairhead, in
his new role, will provide the focus for a strong team capable of delivering our
strategy for growth.'
For further details, please contact:
GETECH Group plc www.getech.com
Derek Fairhead, Managing Director 0113 322 2200
Peter Stephens, Chairman
NOTES:
1. Mr Wolfson is currently a director of:
Getech Group plc
Media Innovations Limited
Evidence Limited
University of Leeds IP Limited
Precision Proteins Limited
Gelectrix Limited
Gluco Technology Limited
Leeds Antenatal Screening Services Limited
2. Mr Wolfson was previously a director of:
Spinpenny Limited
University of Leeds Innovations Limited
Bloodhound Sensors Limited
Aqua Enviro Limited
Rock Deformation Research Limited
Ecertec Limited
Instrumentel Limited
Structure Vision Limited
Mr Wolfson holds no other directorships and there are no other matters requiring
disclosure under paragraph (g) of Schedule 2 of the AIM Rules.
This information is provided by RNS
The company news service from the London Stock Exchange
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