NORA Member Hydrodec Group Appoints Non-Executive Director
Wednesday, September 23, 2015
Hydrodec Group plc
("Hydrodec" or the “Company")
Appointment of Caroline Brown to the Board as Non-Executive Director
September 23, 2015 - NORA Member Hydrodec Group plc, the cleantech industrial oil re-refining group, is pleased to announce that Caroline Brown has been appointed to the Board as a Non-Executive Director and as Chair of the Audit Committee of the Board with effect from today.
Dr. Brown is currently the Chief Operating Officer and Chief Financial Officer of The Penspen Group Limited, the global engineering and consulting group. She is also an experienced Non-Executive Director, currently chairing the Audit Committees of Intelligent Energy Holdings plc and Mirland Development Corporation plc and has previously chaired the Audit Committees of WSP Group plc and Bridge Energy ASA. She has managed early stage companies and divisions of FTSE 100 companies in the energy and technology sectors and has worked as a corporate finance advisor to governments and energy companies with banks including Merrill Lynch, UBS and HSBC. Dr. Brown holds a First Class degree and PhD in Chemistry from the University of Cambridge, an MBA in Finance from the Cass Business School, is a fellow of the Chartered Institute of Management Accountants and is a Chartered Director.
Lord Moynihan, Chairman of Hydrodec, commented: “I am delighted to welcome Caroline to the Board and as Chair of the Audit Committee. She brings a wealth of financial and governance experience to the Board and will greatly strengthen its ability to support the development of the Hydrodec business.”
For further information please contact:
Hydrodec Group plc 020 3300 1643
Ian Smale, Chief Executive
Chris Ellis, Chief Financial Officer
James Hodges, General Counsel and Company
Peel Hunt LLP (Nominated Adviser and Broker) 020 7418 8900
Vigo Communications (PR adviser to Hydrodec) 020 7016 9570