FireAngel (AIM:FA.), one of Europe’s leading developers and suppliers of home safety products, announces that John Shepherd, a Non-Executive Director of the Company, will step down from the Board on the earlier of 31 August 2020 or the appointment of a new Non-Executive Director. The search is already underway for a new Non-Executive Director to join the Board.
Mr. Shepherd, who is Chairman of the Company’s Nominations Committee, commenced the process of refreshing the Board’s composition in mid-2018, leading to the appointment firstly of Mike Stilwell as CFO and secondly of John Conoley, initially as Non-Executive Chairman and subsequently as Executive Chairman.
Mr. Shepherd has continued to work with the Company’s Executive Chairman on the subsequent changes of Non-Executive Directors, including the current search. Further to the Company’s announcement earlier today confirming the successful application for a CLBILS loan to provide a more secure journey through the disruption caused by COVID-19, it is an appropriate time for this further change to be made on the Board.
John Conoley, Executive Chairman of FireAngel, commented: “John has been instrumental over the past two years in the extensive reshaping of the FireAngel Board, and in working with Board colleagues through many difficult challenges. It is now a very different Board which is well balanced to exploit the Company’s investment in R&D going forward. John leaves with our best wishes for his new endeavours.”
For further information, please contact:
|FireAngel Safety Technology Group plc||024 7771 7700|
|John Conoley, Executive Chairman|
|Mike Stilwell, Group Finance Director
Shore Capital (Nominated adviser and broker)
020 7408 4050
|Tom Griffiths/David Coaten|
Notes to Editors
About FireAngel Safety Technology Group plc
FireAngel’s mission is to protect, save and improve our customers’ lives by making innovative, leading-edge technology simple and accessible. FireAngel is one of the market leaders in the European home safety products market.
FireAngel’s principal products are connected smoke alarms, CO alarms, heat alarms and accessories. The Company has an extensive portfolio of patented intellectual property in Europe, the US and other selected territories. Products are sold under FireAngel’s leading brands of FireAngel, FireAngel Pro, FireAngel Specification and AngelEye.
For further product information, please visit: www.fireangeltech.com