Directorate Change

RNS Number : 2823A

Kromek Group PLC

18 February 2014

 



Kromek Group plc

("Kromek" or "the Company")

Directorate Change

Kromek, a supplier of patented radiation detection technologies to the medical, security and nuclear markets, announces that Ms. Maria Charlotta Ginman-Jones (known as Ms. Charlotta Ginman) has been appointed to the Company's Board as a Non-Executive Director with immediate effect. 

Ms. Ginman, aged 48, will chair the Company's Audit Committee and brings with her substantial experience in financial and operational management gained during her successful executive career in the global telecommunications and investment banking sectors.

Currently a Non-Executive Director of Wolfson Microelectronics, and a member of Wolfson's Audit Committee, Ms. Ginman began her career at Ernst & Young LLP joining in 1989 until 1994, and was then appointed to a series of senior roles in investment banking with JP Morgan, Deutsche Bank and UBS.

During a career with Nokia Corporation, Ms. Ginman held many different roles, beginning as a business controller in the company's imaging division and progressing to the role of director of finance and control of the company's service business. Ms. Ginman has overseen a number acquisitions during her tenure at Nokia and became Chief Financial Officer of Nokia's luxury mobile phone division, Vertu Corporation Ltd, in 2009. Ms Ginman led the carve out of Vertu Corporation Ltd from Nokia and successfully sold the business to a private equity group.

A chartered accountant, Ms. Ginman also holds an MSc in Economics from the Swedish School of Economics and Business Administration in Helsinki.

Commenting on the announcement, Arnab Basu, CEO of Kromek, commented: "We are very pleased to welcome Charlotta to our Board. We will benefit greatly from her knowledge and experience that she has gained during an impressive career and her appointment further strengthens our Board."

"Charlotta joins Kromek at a very exciting time. Since joining AIM, we have accelerated our development and we are building on the success achieved in recent years, as we work to realise the value of our world-class technology platform."

Previous Directorships

Wolfson Microelectronics plc, Non-executive Director

Current Directorships

Ms. Ginman is not currently a director of any other company.

There is no other information that is required to be disclosed under Schedule 2 paragraph (g) of the AIM Rules in relation to the appointments of Ms. Ginman.

-ends-

For further information, please contact:

Kromek Group Plc Arnab Basu, CEO Derek Bulmer, CFO	Tel: [phone]
Panmure Gordon As Nominated Adviser and Broker Corporate Finance Freddy Crossley/ Grishma Patel Broking Adam Pollock/ Charlie Leigh-Pemberton	Tel: [phone]
Tavistock Communications Matt Ridsdale Andrew Dunn	Tel: [phone]

About Kromek

Kromek Group plc is a UK technology company (global HQ in County Durham) and a leading developer of high performance radiation detection products based on cadmium zinc telluride ("CZT").  Using its core CZT technology Kromek designs, develops and produces x-ray and gamma ray imaging and radiation detection products for the medical, security screening and nuclear markets.

The Group's products provide high resolution information on material composition and structure and are used in multiple applications, ranging from the identification of cancerous tissues to hazardous materials, such as explosives, and the analysis of radioactive materials.

Kromek uses multiple technologies in its manufacturing processes, including the established methods of 'liquid phase' detector production, and also 'vapour phase' production methods, which allow the production of high quality, high performance detectors on an industrial scale.  Kromek has an intellectual property portfolio of more than 70 granted patents and 110 pending applications.

The Group's business model provides a vertically integrated technology offering to customers, from the growth of CZT crystals to finished products or detectors, including software, electronics and application specific integrated circuits ("ASICs").

The Board believes that the vertical integration offered by Kromek, combined with the benefit of 25 years of research into CZT production and the patents and trade secrets accumulated by the Group, are unparalleled in the market place.

The Group has operations in the UK, Germany and US (California and Pennsylvania), and is selling internationally through a combination of distributors and direct OEM sales.

Currently, the Group has over a hundred full time employees across its global operations.

 

END

 

 

BOALLFLTFEIDLIS