Venture Life Group PLC Directorate Change (1262Y)

TIDMVLG

RNS Number : 1262Y

Venture Life Group PLC

01 March 2017

Venture Life Group plc

("Venture Life" or the "Group")

Directorate Change

Venture Life (AIM: VLG), the international consumer self-care group focused on developing, manufacturing and commercialising products for the ageing population, announces the appointment of Adrian Crockett as Chief Financial Officer, effective as of 6 March 2017.

Adrian joins Venture Life from Abbott Diabetes Care Ltd, a division of Abbott Laboratories with an annual turnover of approximately $1 billion, where he was Finance Director since October 2011 and responsible for a team of 14 qualified finance staff, reporting directly to the unit's Managing Director.

Before that, Adrian was a Financial Controller within PAREXEL, a global Clinical Research Organisation with a turnover of $2 billion, and prior to that held a number of Finance and Planning roles within organisations such as GlaxoSmithKline plc, Novartis Vaccines & Diagnostics, Inc., and Anderson Consulting (now Accenture).

Jerry Randall, CEO of Venture Life, commented: "I am delighted to welcome Adrian to the Board as Chief Financial Officer. Adrian has pursued an active career within the healthcare space, and has enjoyed senior roles within some of the best known healthcare companies in the world. With this extensive experience, in particular in consumer healthcare and manufacturing operations, we are confident Adrian will make a significant contribution to our business as we continue to grow and deliver on our strategy of becoming sustainably profitable."

Information to be disclosed under Schedule 2(g) and Rule 17 of the AIM rules

Adrian Graham Crockett (aged 49)

 
 Current Directorships   Directorships in the last 
                          five years 
----------------------  ----------------------------- 
 none                    Abbott Diabetes Care Limited 
 
 

Other than the information contained in this announcement, there is no further information required to be disclosed under Rule 17 and Schedule Two, paragraph (g) of the AIM Rules.

For further information please contact:

 
                                                      [phone] 
 Venture Life Group PLC                                            870 
 Jerry Randall, Chief Executive 
  Officer 
 
 Panmure Gordon (UK) Limited (Nominated                [phone] 
  Adviser and Joint Broker)                                       2500 
 Freddy Crossley/Peter Steel/Duncan 
  Monteith (Corporate Finance) 
 Tom Salvesen (Corporate Broking) 
 
 Turner Pope Investments (TPI) Ltd                     [phone] 
  (Joint Broker)                                                  4120 
 James Pope/Ben Turner 
 
 Walbrook PR                               [e-mail] 
                                            or [phone] 
 Paul McManus/Anna Dunphy                    [phone]/ +44 
                                                      (0) 7876 741 001 
 
 

This announcement contains information which, prior to its disclosure, was inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 (MAR).

About Venture Life (www.venture-life.com)

Venture Life is an international consumer self-care company focused on developing, manufacturing and commercialising products for the ageing population. The Group's product portfolio includes some key products such as the UltraDEX oral care products range, food supplements for lowering cholesterol and maintaining brain function, medical devices for women's intimate healthcare and haemorrhoids and dermo-cosmetics for addressing the signs of ageing.

The products, which are typically recommended by pharmacists or healthcare practitioners, are available primarily through pharmacies supplied by the Group's international distribution partners.

Through its Development & Manufacturing business in Italy, Biokosmes, the Group also provides development and manufacturing services to companies in the medical devices and cosmetic sectors.

This information is provided by RNS

The company news service from the London Stock Exchange

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March 01, 2017 02:01 ET (07:01 GMT)