Appointment of Non-Executive Director

RNS Number : 4725K

Science in Sport PLC

21 September 2016

 

21 September For immediate release

SCIENCE IN SPORT PLC

("SiS" or the "Company")

Appointment of Non-Executive Director

Science in Sport plc (AIM: SIS), a leading sports nutrition company that develops, manufactures and markets sports nutrition products for professional athletes and sports enthusiasts, is pleased to announce that Tim Wright has been appointed to the position of Non-Executive Director with immediate effect. Tim's appointment further strengthens the Board as the Company continues increasing its global presence in the sports nutrition market in line with its growth strategy.

Tim Wright, 57, spent much of his career with GlaxoSmithKline (''GSK''), working in the consumer healthcare sector of the Company from 1982 to 2011. Over the course of his time at GSK, Tim was located in Toronto, Paris and New Jersey, in various General Management roles. Most notably in his last 5 years at GSK, when Tim was President of GSK's Global Brands, he drove market leading revenue growth through world class marketing and innovation. After leaving GSK in 2011, Tim was appointed as President to Zarbee's Naturals, a privately owned natural medicine business. His role up to 2013 was to help establish the Company's brand and quickly grow the newly formed business from $3 million to $18 million through innovative, science based, natural medicines.

In 2014, Tim set up his own business, StepChange Strategy, which aims to create shareholder value for startup and multinational consumer healthcare companies, by focusing on brand strategy, innovation and geographic expansion. Through a consulting role, Tim discovered Embrace Hearing, the leading online provider of premium digital hearing aids. In 2015, Tim acquired, and now runs, Embrace Hearing. 

Stephen Moon, CEO of Science in Sport, commented: "Tim's extensive experience and proven track record in the consumer healthcare industry will be invaluable to SiS, as we continue to build a leading global sports nutrition company focused on science and innovation. In this vein, we believe Tim will provide key strategic direction to the Board as we continue implementing our progressive growth strategy focused on international expansion, new product development, optimised manufacturing and distribution, and consistent investment in brand awareness."

Other than that set out below, there are no other matters that are required to be disclosed under Schedule 2 paragraph (g) of the AIM Rules in relation to the appointment of Tim Wright.

Current and previous directorships:

Current directorships
Embrace Hearing LLC (owner)
Stepchange Strategy LLC

For further information:

Science in Sport PLC	[phone]
Stephen Moon, CEO
Elizabeth Lake, Finance Director
Cenkos Securities - NOMAD and Broker	[phone]
Bobbie Hilliam
Yellow Jersey PR - Financial PR
Felicity Winkles	[phone]
Harriet Jackson	[phone]

Notes for editors

About Science in Sport plc

Science in Sport plc is a leading sports nutrition company that develops, manufactures and markets sports nutrition products for professional athletes and sports enthusiasts. SiS is a strong brand in the elite athlete community - in the 2016 London Olympics, 34 medal-winning athletes or teams used SiS products (compared with 24 in 2012).

The SiS core product ranges include: SiS GO, comprising energy powders, isotonic gels, energy bars and hydration tablets; and SiS REGO, including protein-based recovery powders and bars. SiS products are sold in a range of retail channels, including specialist sport retailers, major grocers, high street retailers and e-commerce websites.

SiS is currently the official sports nutrition supplier to professional cycling teams Team SKY, Team Wiggins and USA Cycling. SiS is also the official sports nutrition partner to Liverpool FC and the official supplier of sports drinks and sports nutrition to the GB Rowing Team. In addition, Olympians Sir Chris Hoy MBE, and Katarina Johnson Thomson are brand ambassadors and Mark Cavendish is an Elite Sports Consultant to the brand.

SiS was founded in 1992 and is headquartered in Hatton Garden, London. Its manufacturing facility is in Nelson, Lancashire.

SiS shares are traded on the AIM market of the London Stock Exchange under the ticker symbol SIS.

For further information, please visit www.scienceinsport.com

 

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