Board Changes

RNS Number : 8684N

Versarien PLC

03 February 2016

 

3 February 2016

Versarien plc

("Versarien" or the "Company")

Board changes

Versarien plc (AIM: VRS), the AIM quoted advanced engineering materials group announces the following changes to its board.

Iain Gray CBE has been appointed as an additional non-executive director with immediate effect.

Iain has spent his executive career at the highest levels within the aerospace sector, initially with British Aerospace before becoming engineering director of Airbus UK. After 27 years in the sector, Iain was in 2007, appointed Chief Executive of Innovate UK (formerly the Technology Strategy Board) and was responsible for its successful development into an autonomous, independent profit centre looking to drive growth from commercial investment in new areas of technical innovation. He was recently appointed Director of Aerospace at Cranfield University and is a fellow of the Royal Aeronautical Society, the Royal Society of Edinburgh and of the Royal Academy of Engineering.

At the same time, Jeremy Veasey will retire as a non-executive director having served on the board since its admission to AIM in 2013.

Iain Gilmour Gray, aged 58, is a director of Bristol Aero Collection Trust and Science, Engineering and Manufacturing Technologies Alliance and was within the last five years a director of The Engineering & Technology Board.

There is no other information which requires to be disclosed in accordance with paragraph (g) Schedule Two of the AIM Rules for Companies.

Commenting on the changes Neill Ricketts, CEO of Versarien, said: "We are very pleased to be welcoming Iain to the Board. With a lengthy career in aerospace and technology, Iain is well placed to help Versarien accelerate its technology commercialisation, especially in 2 dimensional products as well as, bringing his complementary wealth of knowledge and experience to the existing Board.

"We would like to thank Jeremy for all of his help over the last few years and wish him well in his retirement."

For further information please contact:

Versarien plc	www.versarien.com
Neill Ricketts - Chief Executive Officer	[phone]
Chris Leigh - Chief Financial Officer
WH Ireland (Nominated Adviser)	www.wh-ireland.co.uk
John Wakefield / Ed Allsopp	[phone]
IFC Advisory (Financial PR and IR)	www.investor-focus.co.uk
Tim Metcalfe / Graham Herring / Heather Armstrong	[phone]

Notes to Editors:

Versarien(TM) plc (AIM:VRS), is an advanced engineering materials group. Leveraging proprietary technology, the Group creates innovative engineering solutions for its clients in a diverse range of industries. Versarien has three subsidiaries:

Versarien Technologies Ltd. which owns the exclusive rights to a patent-protected additive process for creating advanced micro-porous metals targeting the thermal management industry and manufactures extruded aluminium heat sinks for the electronics and computing industries. www.versarien-technologies.co.uk 

Total Carbide Ltd, a leading manufacturer in sintered tungsten carbide for applications in arduous environments such as the oil and gas industry. www.totalcarbide.com 

2-DTech Ltd., which specialises in the supply, characterisation and early stage development of graphene products.   www.2-dtech.com  

 

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