Directorate Change

RNS Number : 3675O

Iofina PLC

19 September 2013

 



19 September 2013

Iofina plc

("Iofina" or the "Group")

(LSE AIM: IOF)

CEO Appointment

Iofina, specialists in the exploration and production of iodine and iodine specialty chemical derivatives, is pleased to announce the appointment of George Everett Lantz, who will be joining the PLC Board as Chief Executive Officer with immediate effect. As previously stated, Dr. Chris Fay will return to his previous position of Non-Executive Chairman. 

Mr Lantz (62) joins the Board with a demonstrable track record spanning over 30 years in industry. He was most recently a consultant to the Group division, Iofina Resources, Inc. During his time with Iofina Resources, Inc. Mr Lantz helped achieve a daily record iodine production. Mr Lantz was also responsible for financial controls, business development, and managed the build-out of the Group's IO#3, and the on-going construction of IO#4, IO#5, and IO#6, iodine extraction plants based on Iofina's WET® IOsorb™ technology.  

Prior to joining Iofina Resources, Inc., Mr Lantz held the positions of Founder and Vice President at Voyant Technologies; Vice President at Polycom; Vice President of Frontier ConferTech; Corporate New Business Manager ROLM (a Siemens Company); Sales Engineer at IBM Corporation; and Design Engineer with Texaco, Inc.  Mr Lantz has a Bachelor of Science in Civil Engineering and a Master of Science in Industrial Management from the University of Wyoming, USA. Mr Lantz owns 26,433 ordinary shares in Iofina, representing 0.02 per cent. of the issued share capital.

The enlarged Group Board now comprises four Non-Executive Directors and three Executive Directors.

Commenting on the appointment Dr. Chris Fay, Non-Executive Chairman said: We are delighted to welcome George to the Board at a very exciting time of becoming a preeminent fast growing iodine producer. George is extremely well prepared to head our experienced management team and drive the Group forward into its next stage of growth."

There is no further information required to be disclosed pursuant to paragraph (g) of Schedule 2 of the AIM Rules.

For further information, please contact:

George Lantz, CEO

Iofina plc

Tel: [phone]

www.iofina.com

Ben Colegrave/Chris Sim/ James Rudd

Investec

Tel: [phone]

Media Contact:

Dominic Barretto/Anna Legge

Yellow Jersey PR Limited

Tel: [phone]

About Iofina

Iofina specializes in the exploration and production of iodine, iodine specialty chemical derivatives, produced water and natural gas. Iofina's business strategy is to identify, develop, build, own and operate iodine extraction plants currently focused in North America based on Iofina's WET® IOsorb™ technology. Iofina has iodine production operations in the United States, specifically in Texas, California, Montana, Oklahoma and Wyoming. The Group has complete vertical integration from the production of iodine in the field to the manufacture of the chemical end products derived from iodine to the consumer and the recycling of iodine using iodinated side-streams from waste chemical processes in Europe, North America and Asia. The Group utilizes its portfolio of patented and patent pending technology, proprietary methods and trademarks throughout all business lines.

 

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