Enteq Technologies plc
("Enteq" or the "Company")
Appointment of new Head of Finance
and
Directorate Change
Enteq Technologies plc (AIM: NTQ.L), the specialist energy services engineering and technology company, is pleased to announce the appointment of Amir Absoud as Head of Finance, on a contractual arrangement, who will commence his role on 24 May 2024, succeeding the current CFO Mark Ritchie.
Amir is a Fellow of the Institute of Chartered Accountants in England and Wales and holds an Economics Degree from the London School of Economics. Amir has experience from PwC in London, working with companies quoted on AIM. Amir held senior finance roles at oilfield and energy services companies in the UK and internationally. Amir has over two decades of experience working with small and large businesses to design, set up and manage finance and tax functions, implementing systems and offering strategic, commercial and tax advice.
Amir is the founder and director of Upstreamly Ltd, a firm of Chartered Accountants focused on energy companies, with offices in London and Aberdeen. Upstreamly will be providing Enteq with accounting, tax, compliance and advisory services, and with Amir's services as Head of Finance. As Head of Finance, Amir will be an advisor and observer to the Board.
Mark joined the Board in June 2023 and will remain with the Company as a Director until 31 May 2024 and as an employee until late June 2024 to ensure an orderly handover of responsibilities.
Andrew Law, CEO of Enteq Technologies plc, commented:
"I am pleased to welcome Amir to the team; his experience in energy services and growing businesses is directly relevant to Enteq's needs and coupled with his entrepreneurial skill set, I believe he will deliver a positive impact to Enteq. The additional support of Upstreamly will provide a high quality, scalable and cost-effective solution to our financial services function."
"On behalf of the Board, our employees and shareholders I would also like to personally thank Mark for his support. We wish him well in his future endeavours."
For further information, please contact:
Enteq Technologies plc +44 (0)20 8087 2202
Andrew Law, Chief Executive Officer
Mark Ritchie, Chief Financial Officer
Cavendish Capital Markets Limited (NOMAD and Broker) +44 (0)20 7220 0500
Ed Frisby, George Lawson (Corporate Finance)
Andrew Burdis (ECM)
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