Zenova Group PLC (AIM: ZED), the innovative fire suppression and interdiction solutions Company, announces the following board change. After playing a key role in the development of Zenova's market-leading suite of intumescent paints and fire extinguisher fluid products, Fiona Rodford, non-executive Chair, has informed the Board of her intention to step down. The Company extends its heartfelt thanks for her invaluable contributions throughout her tenure.
Mike Frydman has been appointed as non-executive Chair to replace Fiona with immediate effect. Mike is a long-time contributor who currently acts as the lead Investor Relations manager. Mike brings 35 years of investment banking and fund management experience with a particular focus on small cap companies over the past decade. He has worked in senior investment positions at major financial institutions, including Morgan Stanley International in London as well as 2 global hedge funds managing large equity portfolios, and has advised multiple AIM companies on investor relations, corporate governance and fundraisings.
Fiona Rodford, outgoing Chairperson, said, "Leading Zenova to the point where it offers some of the most innovative products in its sector has been immensely satisfying. I know I'm leaving the Company's significant potential in very capable hands at the juncture where it is exhibiting growth and realisation of its potential."
Mike Frydman, Incoming Chair said: "Fiona's leadership in getting Zenova's product offerings to the point where the Group is entering numerous new markets cannot be understated. I'm very much looking forward to helping further unlock the potential of this company while remaining laser-focused on sound capital management and investor outreach."
Thomas Melchior, CEO, Zenova Group said: "Mike and I have had a productive and supportive working relationship for some time. I echo his sentiments regarding Fiona's experience and professionalism in getting the Company to this successful inflection point, and I want to thank her personally for hir service to Zenova."
Appointment of Corporate Broker
Following the merger of the capital markets businesses of Peterhouse Capital Limited and Novum Securities Limited into AlbR Capital Limited, the Company is pleased to announce that AlbR Capital Limited has been appointed as Corporate Broker to the Company, with immediate effect.
