Tan Delta Systems
plc
("Tan
Delta", or the "Company")
Change of Chief Financial
Officer
Tan Delta Systems plc (AIM:TAND), a
leading provider of intelligent monitoring and maintenance systems
for commercial and industrial equipment, announces a change of CFO.
On Friday 5th July 2024, our current CFO, Steve Johnson,
will amicably leave the Company to pursue other interests and
coterminously, John Higginbottom will join the Board as
CFO.
John is a seasoned and highly
experienced professional CFO with a successful 25 year track record
of working in a variety of dynamic fast scaling medium sized
industrial-tech businesses. John will join the Board as CFO
immediately on Friday 5th July 2024 and will phase into
a full time role with the executive management over the coming
months whilst other existing obligations are
completed.
Chris Greenwood, CEO of Tan Delta
Systems commented:
"On behalf of Tan Delta, I am delighted to welcome John as our
new CFO and member of the executive management team. I expect his
wealth of financial and operational experience will have a material
positive impact to the company as we now begin to rapidly scale. I
would like to take this opportunity to thank our outgoing CFO,
Steve Johnson, for his diligent work and wish him all the best for
the future."
For enquiries, please
contact:
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Tan
Delta Systems
plc
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Tel: +44 (0) 845 094
8710
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Chris Greenwood,
CEO
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Steve Johnson, CFO
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Zeus (Nominated Adviser & Broker)
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Tel: +44 (0) 203 829
5000
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David Foreman, James Hornigold, Ed
Beddows (Investment Banking)
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Nick Searle (Sales)
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The following information is disclosed in accordance with Rule 17
and Schedule 2(g) of the AIM Rules for Companies:
John Nigel Higginbottom (aged 49
years) holds or has held the following directorships in the last
five years:
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Current
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Last five
years
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Qualter, Hall & Company
Limited
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Twentec Holdings Limited
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Qualter, Hall Holdings
Limited
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Infinity Finance Consultancy
Limited
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Qualter, Hall Investments
Limited
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FEL Group Limited
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John was formerly a director of FEL Group Limited ("FEL"), having
been appointed CFO in March 2018. FEL suffered severe financial
difficulties following disagreement over a key client contract who
failed to settle outstanding invoices. FEL subsequently submitted a
claim against the client which remains ongoing. Subsequent
fundamental cash flow issues resulted in FEL entering into
administration in June 2022.
John does not currently hold any
ordinary shares in the Company. There are no further disclosures to
made be under Schedule 2 (g) of the AIM Rules for
Companies.
Notes to editors:
Tan Delta Systems PLC provides
equipment monitoring technologies and
solutions that use real time oil analysis to
enable material reductions in
maintenance costs, improve reliability and reduce carbon
footprint.