Directorate Change

RNS Number : 8131V

Quadrise Fuels International PLC

08 November 2010

 



Quadrise Fuels International Plc

Directorate Change

8 November 2010

The Directors of Quadrise Fuels International ("QFI" or the "Company"), the manufacturer of emulsion fuels as low cost substitutes for heavy fuel oils in power generation, industrial and marine, are pleased to announce the appointment of Mr Dilipkumar ("Dilip") Kantilal Shah, aged 61, as a non-executive director with effect from 5 November 2010.

As detailed in the announcement relating to a placing by the Company on 18 August 2010, under the terms of the placing, one of the investors had the right to nominate a director of the Company.

Mr Shah brings with him over 25 years of commercial experience in trading, finance, manufacturing and distribution. Dilip has most recently been involved in trading/manufacturing in West Africa with focus on Nigeria, DRC and Ghana.  He is a director and/or a founder member of various companies in West Africa involved in the distribution of fertilizers/chemicals, tobacco related products and the manufacture of food products.  In addition he is on the board of a number of private companies

Mr Shah has a degree in Economics from the London School of Economics and qualified as a Chartered Accountant in 1977.

The directorships currently held by Mr Dilip Shah and over the five years preceding the date of appointment are as follows:

Current:

House of Stewart (UK) LLP

I Pog (UK) Limited

Maxtal Corporation Limited

Phoenix Logistics Estates Limited

Sambooka Fertilizers Ltd (Nigeria)

Sharpbrook Limited

Tobacco Exporters Limited

Trimax Trading International Limited

Winlot (WGRL) (Nigeria)

Previous:

CDC Holdings Limited (dissolved)

Fame Toiletries Plc (dissolved)

Famerose Enterprises Limited (dissolved)

Gametech Enterprises Limited (dissolved)

Trimedics Limited (dissolved)

Mr Shah does not beneficially hold any shares in QFI.

Ian Williams, Executive Chairman, commented:

"Mr. Dilip Shah is a most welcome addition to the QFI board. His extensive commercial experience will be of considerable value as the Company progresses to a fully commercial mode of operation in the coming year."

Enquiries:

Quadrise Fuels International plc         Tel: [phone]

Ian Williams

Hemant Thanawala

Fairfax I.S. PLC                                   Tel: [phone]

Simon Bennett/Katy Birkin

 

END

 

 

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