08/02/2011
Regenersis plc (LSE AIM: RGS), a strategic outsourcing partner to many of the world’s leading consumer technology companies, announces a number of changes to its Board of Directors (the “Board”).
Jeff Hewitt, David Holland and David Gilbert have today stepped down from their respective Non-Executive positions on the Board.
In turn, the Board has appointed Matthew Peacock as Non-Executive Chairman and Michael Peacock and Andrew Lee as Non-Executive Directors.
These changes to the Board take effect immediately.
Matthew Peacock is the founder partner of Hanover Investors Management LLP which is significant shareholder of Regenersis. Hanover Investors is a specialist turnaround investment firm based in London. Matthew has led investments for over 20 years in, amongst other sectors, manufacturing, outsourced business services, chemicals, financial services, textiles and logistics. Prior to this, he ran the International M&A team in London at Barclays de Zoete Wedd's, having started his career at Credit Suisse First Boston, in New York. He holds a Masters degree in Law from Cambridge University. Matthew is also Chairman of Fairpoint Group plc and Singer Capital Markets Limited, a London stockbroking and corporate advisory firm, and a Non-Executive Director of STV Group plc.
Michael Peacock was most recently the Finance Director at Victrex plc. Victrex is a global manufacturer of innovative, high performance thermoplastic polymers, working with customers and end users to deliver technology driven solutions to the challenges and opportunities they face. Michael was formerly with Barclays de Zoete Wedd's corporate finance department before moving into industry as a Finance Director, initially with Viva! Health and Leisure Clubs Limited.
Andrew Lee served as Managing Director of marketing and logistics service provider Dataforce Group Limited from 2004, successfully selling the business to Twenty plc in 2006 and becoming a director of Twenty plc. Prior to that, he spent four years as Group Operations Director of N Brown Group plc, a UK catalogue and internet clothes retailer with an £800 million market capitalisation, and 15 years in the Unipart Group where he became managing director of Demand Chain Logistics.
Matthew Peacock and Michael Peacock are not related.
Gary Stokes, Chief Executive Officer of Regenersis, said: "I would like to thank the outgoing Non-Executive Directors for their excellent contribution and wish them all the best for the future. I very much look forward to drawing on the support and experience of our new Board members.”
For more information on our new Board Members, please click here.
