TIDMITX

RNS Number : 4997I

Itaconix PLC

19 April 2022

For release: 07.00, 19 April 2022

Itaconix plc

("Itaconix" or the "Company")

Board Changes

Itaconix (AIM: ITX) (OTCQB: ITXXF), a leading innovator in plant-based specialty polymers used as essential ingredients in everyday consumer products, announces that Dr. Bryan Dobson will retire as an independent Non-Executive Director, to be replaced by Charlean Gmunder, with immediate effect.

Ms. Gmunder is Chief Operating Officer of Blue Apron Holdings Inc. (NYSE: APRN), a leader in fresh home meal kits sold and delivered directly to consumers in North America. She brings to the Board over 20 years of executive experience in marketing and sales, manufacturing, operations, and general management. Ms. Gmunder served as President and CEO of L.A. Dreyfus, a subsidiary of Wm. Wrigley Jr. Company, from 2000 to 2006, and in executive operating roles with National Starch, Chiquita Brands, Maple Leaf Foods, United Airlines, and several other firms prior to joining Blue Apron in 2020. She earned her Bachelor of Science degree in chemical engineering and her Master of Business Administration degree from Rutgers University.

Dr. Dobson steps down after contributing to the progress of the Company as a Non-Executive Director since 2012, including previously 3 years as the Chair of the Board.

Dr. James Barber, Chair of the Board, commented:

"We are delighted that our search has resulted in Charlean's election to our Board as an independent Non-Executive Director. She brings a very broad background in marketing, operations, and executive management in both B2B and B2C contexts. We are looking forward to working with her as we continue to expand our sales across our existing product lines and bring new, sustainable products to market based on our plant-based ingredient platform.

I want to especially thank Bryan for his many years of dedicated service to the Company, and for the depth of experience, thoughtfulness, and good judgement he has brought to our Board. We are grateful for his many contributions to Itaconix over the years."

Regulatory disclosures

In accordance with Schedule 2(g) of the AIM Rules for Companies, Charlean Louise Gmunder (nee Baiz) (aged 58) holds or has held in the past 5 years the following directorships and partnerships:

Current

Jobs for America's Graduates New Jersey (not for profit organization, advisory board member)

Save for the disclosures above, there are no further disclosures to be made in accordance with Rule 17 and Schedule 2(g) of the AIM Rules for Companies.

Enquiries:

 
 Itaconix                                   +1 (603) 775 4400 
 John R. Shaw/Laura Denner 
 
 Belvedere Communications                   +44 (0) 20 3687 2756 
 John West/Llew Angus 
 
 finnCap                                    +44 (0) 20 7220 0500 
 Ed Frisby/Abigail Kelly/Milesh Hindocha 
  - Corporate Finance 
  Andrew Burdis/Sunila de Silva - ECM

About Itaconix

Itaconix uses its proprietary plant-based polymer technology platform to produce and sell specialty ingredients that improve the safety, performance, and sustainability of consumer products. The Company's current ingredients are enabling and leading new generations of products in detergents, hygiene, and hair care. Itaconix's contributions to the global low carbon economy are recognised by the London Stock Exchange's Green Economy Mark.

www.itaconix.com

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April 19, 2022 02:02 ET (06:02 GMT)

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