Surface Transforms plc Ian Cleminson appointment

RNS Number : 9577I

Surface Transforms PLC

22 April 2022

 

Surface Transforms plc.

"Surface Transforms" or the "Company"

22 April 2022

Appointment of non-executive director

Surface Transforms (AIM:SCE), manufacturer of carbon ceramic reinforced ceramic brake discs, is pleased to announce the appointment of Ian Cleminson as a new independent non-executive director with effect from 1 May 2022.

Ian is currently Executive Vice President and Chief Financial Officer of Innospec Inc. ("Innospec"), an international speciality chemical business employing 1900 personnel, in 23 countries with sales of over $1.5 billion and quoted on the US NASDAQ exchange with a market capitalisation of over $2 billion.  Ian joined Innospec in 2002 and has served as CFO since 2006. Prior to joining Innospec, Ian held several senior financial management and accounting positions including Financial Controller at a division of BASF and an accountant in practice at KPMG.  Ian has a Master of Social Science degree from Birmingham University and is a Fellow of the Association of Chartered Certified Accountants.

David Bundred (Chairman) said: "We are delighted to welcome Ian, his appointment being another important step in our process of expanding the experience and expertise of the Board. Ian's international experience in the chemicals industry and familiarity with financial management in a large US company will be invaluable as we move to the next stages of the rapid development and continued internationalisation of the Company. We are all looking forward to working with Ian."  

Further information relating to Ian Cleminson

In accordance with Schedule 2(g) of the AIM Rules, Ian Philip Cleminson (aged 56) holds or has held in the past five years the following directorships and partnerships:

Current Positions	Positions held in the last 5 years
Innospec Holdings Limited	Innospec Environmental Limited
Innospec International Limited	Innospec Active Chemicals Limited
Innospec Developments Limited
Innospec Finance Limited
Innospec Fuel Specialties Limited
Innospec (Plant) Limited
Innospec Limited
Innospec Trading Limited
Innospec Sweden AB
Innospec Inc.
Innospec Fuel Specialties LLC
Innospec Active Chemicals LLC 1
Societa Italiana Additivi Per Carburanti S.r.l.
Innospec Strata Holdings LLC 1
Innospec Oil Field Chemicals, LLC1
Strata Control Services Inc. 1
Chemsil Silicones Inc.
Vijall, Inc.
Bachman Services, Inc.
Specialty Intermediates, Inc
OBOAdler Company Limited
Innospec Canada Limited
Innospec Performance Chemicals Europe Limited
Innospec Performance Chemicals Belgium BVBA
Innospec Performance Chemicals Spain SL.
Innospec Performance Chemicals France SAS
Innospec Saint-Mihiel SAS
Innospec Performance Chemicals Italia s.r.l.
Innospec Chemicals Beijing Ltd
Innospec Finance U.S. LLC1

1. Ian is a manager and/or officer of these entities, performing an equivalent role to that of a UK statutory director

Ian holds no shares in the Company.

For enquiries, please contact:

Surface Transforms plc      [phone]

David Bundred, Chairman

Kevin Johnson, CEO 

Michael Cunningham CFO

Zeus (Nominated Advisor and Joint Broker)       [phone]

David Foreman / Dan Bate / Jordan Warburton (Investment Banking)

Dominic King (Corporate Broking)

finnCap Ltd (Joint Broker)    [phone]

Ed Frisby / Abigail Kelly (Corporate Finance)
Richard Chambers / Barney Hayward (ECM)

About Surface Transforms

Surface Transforms plc. (AIM:SCE) develop and produce carbon ‐ceramic material automotive brake discs. The Company is the UK's only manufacturer of carbon ‐ceramic brake discs, and only one of two mainstream carbon ceramic brake disc companies in the world, serving customers that include major OEMs in the global automotive markets.

The Company utilises its proprietary next generation Carbon Ceramic Technology to create lightweight brake discs for high ‐performance road and track applications for both internal combustion engine and electric vehicles. While competitor carbon ‐ceramic brake discs use discontinuous chopped carbon fibre, Surface Transforms interweaves continuous carbon fibre to form a 3D matrix, producing a stronger and more durable product with improved heat conductivity compared to competitor products; this reduces the brake system operating temperature, resulting in lighter and longer life components with superior brake performance. These benefits are in addition to the benefits of all carbon ‐ceramic brake discs vs. iron brake discs: weight savings of up to 70%, longer product life, consistent performance, reduced brake pad dust and corrosion free.

For additional information please visit www.surfacetransforms.com

 

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