Appointment of New Product Director

RNS Number : 6103H

Provexis PLC

01 June 2011

 



1 June 2011

Provexis plc

("Provexis" or the Company)

Appointment of New Product Director

The Company announces that it has recruited Luke Heeney as New Product Director with effect from 1 June 2011. Mr Heeney has been appointed specifically to manage the process of commercialising the Company's IP from the development phase through to final product. His initial priority will be to commercialise the blood glucose technology announced today, but his role extends into other planned product developments.

Mr Heeney enjoyed a long career with Unilever, having responsibility for developing new products within the Flora/Becel range of heart-health products. He was most recently Innovation Director with Findus Group.

Stephen Moon, CEO of Provexis commented:

"I am delighted to welcome Luke Heeney to the Company. Luke will initially focus on developing new technology for the promotion of healthy blood glucose levels, as part of our broad collaboration with DSM. The appointment of Mr Heeney reflects the Board's focus on commercialising the Company's pipeline technologies in order to create shareholder value. His strong track record and experience in product development will be a valuable asset to the business."

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For further information please contact:

Stephen Moon, Chief Executive

Provexis plc                                                      Tel:       [phone]

Patrick Castle/Bobbie Hilliam                             Tel:       [phone]

Evolution Securities

Haggie Financial LLP:                                   Tel:     [phone]

Matthew Longbottom                                        [e-mail]

 

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