TIDMITX

RNS Number : 7302L

Itaconix PLC

05 January 2023

For release: 07.00, 5 January 2023

Itaconix plc

("Itaconix" or the "Company")

Board Change

Itaconix (AIM: ITX) (OTCQB: ITXXF), a leading innovator in sustainable plant-based polymers used to decarbonise everyday consumer products , is pleased to announce changes to the Board .

Paul LeBlanc is appointed to the Board as an independent Non-Executive Director and Chair of the Audit Committee with immediate effect. He is Chief Financial Officer and Treasurer of Bemis Associates Inc. ("Bemis"), a global manufacturer of specialty films and adhesives for the apparel and industrial markets. He joined Bemis in 1999 as Controller and assumed increasing levels of responsibility during Bemis' rapid growth into a global manufacturer, including overseeing the acquisition and integration of operations in Europe and Asia. He earned his Bachelor of Science in Accounting from Thomas College and his Master of Business Administration from University of Massachusetts, Dartmouth.

In addition, Dr. Peter Nieuwenhuizen, the Company's Non-Executive Interim Chair, who joined the Board in July 2022, now takes the role of Non-Executive Chair on a permanent basis and with immediate effect.

The Board now comprises Dr. Peter Nieuwenhuizen (Non-Executive Chair), Paul LeBlanc (Non-Executive Director), John R. Shaw (Chief Executive Officer), and Laura Denner (Chief Financial Officer).

Dr. Peter Nieuwenhuizen, Chair, commented:

"As Itaconix enters a new phase of development with its rapid revenue growth, I am pleased to welcome Paul to our Board. He is a dynamic CFO who has played a leadership role in expanding financial and overall operations as Bemis has grown from a domestic business with less than $40 million in revenues into an international enterprise with over $200 million in annual revenues. As we reach new levels of commercial progress, Paul will contribute valuable finance knowledge and operating experience to our next stage of growth."

Regulatory disclosures

INFORMATION REQUIRED UNDER RULE 17 AND SCHEDULE 2, PARAGRAPH (G) OF THE AIM RULES FOR COMPANIES ("AIM RULES")

 
Full name:                     Paul Daniel LeBlanc 
Age:                           60 
Shareholding in the Company:   No shares held 
Current directorships          Bemis Associates Inc. 
 and partnerships:              Bemis Associates UK Limited 
                                Bemis Hong Kong Ltd 
                                Bemis International Inc. 
                                PolyVisions Holdings Inc. 
                                PolyVisions Inc.

There is no further information to be disclosed in relation to the director appointment pursuant to Rule 17 and Schedule 2, paragraph (g) of the AIM Rules.

- Ends -

For further information please contact:

 
Itaconix plc                                  +1 603 775 4400 
John R. Shaw / Laura Denner 
Belvedere Communications                      +44 (0) 20 3008 6864 
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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END

BOAFFFILLIISIIV

(END) Dow Jones Newswires

January 05, 2023 02:00 ET (07:00 GMT)

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