RNS Number : 4823U
Tan Delta Systems PLC
01 July 2024
 

Tan Delta Systems plc

("Tan Delta", or the "Company")

 

Change of Chief Financial Officer

 

Tan Delta Systems plc (AIM:TAND), a leading provider of intelligent monitoring and maintenance systems for commercial and industrial equipment, announces a change of CFO. On Friday 5th July 2024, our current CFO, Steve Johnson, will amicably leave the Company to pursue other interests and coterminously, John Higginbottom will join the Board as CFO.

John is a seasoned and highly experienced professional CFO with a successful 25 year track record of working in a variety of dynamic fast scaling medium sized industrial-tech businesses. John will join the Board as CFO immediately on Friday 5th July 2024 and will phase into a full time role with the executive management over the coming months whilst other existing obligations are completed. 

Chris Greenwood, CEO of Tan Delta Systems commented:

"On behalf of Tan Delta, I am delighted to welcome John as our new CFO and member of the executive management team. I expect his wealth of financial and operational experience will have a material positive impact to the company as we now begin to rapidly scale. I would like to take this opportunity to thank our outgoing CFO, Steve Johnson, for his diligent work and wish him all the best for the future."

 

For enquiries, please contact:

 

Tan Delta Systems plc        

Tel: +44 (0) 845 094 8710


Chris Greenwood, CEO      



Steve Johnson, CFO






Zeus (Nominated Adviser & Broker)

Tel: +44 (0) 203 829 5000


David Foreman, James Hornigold, Ed Beddows (Investment Banking)



Nick Searle (Sales)



 


The following information is disclosed in accordance with Rule 17 and Schedule 2(g) of the AIM Rules for Companies:

John Nigel Higginbottom (aged 49 years) holds or has held the following directorships in the last five years:


 

Current

Last five years

Qualter, Hall & Company Limited

Twentec Holdings Limited

Qualter, Hall Holdings Limited

Infinity Finance Consultancy Limited

Qualter, Hall Investments Limited

FEL Group Limited


John was formerly a director of FEL Group Limited ("FEL"), having been appointed CFO in March 2018. FEL suffered severe financial difficulties following disagreement over a key client contract who failed to settle outstanding invoices. FEL subsequently submitted a claim against the client which remains ongoing. Subsequent fundamental cash flow issues resulted in FEL entering into administration in June 2022.

John does not currently hold any ordinary shares in the Company. There are no further disclosures to made be under Schedule 2 (g) of the AIM Rules for Companies.

 

Notes to editors:

Tan Delta Systems PLC provides equipment monitoring technologies and solutions that use real time oil analysis to enable material reductions in maintenance costs, improve reliability and reduce carbon footprint.

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