Immersion Technologies Intl PLC
08 January 2008
8 JANUARY 2008
IMMERSION TECHNOLOGIES INTERNATIONAL PLC
('Immersion' or the 'Company')
BOARD CHANGE
Immersion Technologies International plc, which specialises in the design,
manufacture and supply of high definition acoustic 'HD-ATM' technology,
announces the resignation of Blair Snowball, the Company's Finance Director,
with effect from 31 January 2008.
The Board has reluctantly accepted Blair's resignation and would like to place
on record its appreciation of Blair's hard work, especially in relation to the
St. James' Energy reverse takeover transaction, through which Immersion achieved
its listing on AIM.
Immersion is delighted to announce the interim appointment of Scott Grimshaw as
Group Financial Controller, with immediate effect. Although Scott will not join
the Board, he is based in Melbourne and will work on a day-to-day basis with
Immersion's executive team. Together, Immersion's executive management and
finance function will be located at the Company's headquarters in Melbourne,
Australia. Kiran Morzaria, a non-executive director of the Company, will assume
responsibility for the Company's finance function at Board level until a finance
director is appointed.
Scott Grimshaw is a Chartered Accountant and also holds a Bachelor of Commerce
and Business Administration (Major in Accountancy) from the Victoria University
of Wellington. He spent 10 years working for Tattersalls Limited, the
international gaming business, with the last two years based in London. He
initially worked as Group Financial Controller and more recently was responsible
for corporate strategy and business development, as General Manager of European
Investments at Tattersalls.
Craig Evans, Immersion's CEO, commented:
'I would like to thank Blair for all his hard work over the last 2 years. His
contribution to Immersion has been immense and we wish him well for the future.
'I am also pleased to welcome Scott Grimshaw. I am sure his knowledge and
experience will be of enormous value to Immersion.'
-Ends-
Enquiries:
Immersion Technologies International plc
Craig Evans +61 (3) 8554 6060
Pelham Public Relations
Archie Berens +44 (0)20 7743 6679
St. Helens Capital - Broker
Ruari McGirr +44 (0)20 7628 5582
Nabarro Wells & Co. Limited - Nominated Adviser
Hugh Oram +44 (0)20 7710 7400
This information is provided by RNS
The company news service from the London Stock Exchange
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