Quadrise Fuels International PLC Directorate Change (8158W)

TIDMQFI

RNS Number : 8158W

Quadrise Fuels International PLC

23 April 2019

23 April 2019

Quadrise Fuels International plc

("Quadrise", "QFI" or the "Company")

Directorate Change

Quadrise is pleased to announce the appointment of Mr. Bryan Kaye Sanderson CBE as an independent non-executive director of the Company with immediate effect.

Mr. Sanderson has extensive experience in the energy, chemicals and financial sectors, having spent more than 35 years with BP in senior executive positions, latterly as Managing Director from 1991 to 2000 and as Chief Executive of BP Chemicals from 1990 to 2000.

Since retiring from BP in 2000, Mr. Sanderson has held the position of Chairman at Standard Chartered Bank, the Learning and Skills Council, BUPA, Northern Rock and Sunderland Area Regeneration. Mr. Sanderson was also previously a non-executive director of Corus/British Steel, Six Continents and Argus Media. He is currently Interim Chairman of the UK Government's Low Pay Commission and holds a number of other board positions.

Mr. Sanderson holds a BSc in Economics from the London School of Economics, where he is currently an Emeritus Governor, as well as Honorary Doctorates from the University of York and the University of Sunderland. He is also an Honorary Fellow of the Institution of Chemical Engineers.

Commenting on the appointment Mike Kirk, Executive Chairman of QFI, said:

"We are delighted that Bryan has joined the board of QFI, bringing with him a wealth of knowledge, experience and connections from over 35 years as a senior executive and having served on the Boards of some of the UK's most prominent businesses. His depth of knowledge within the energy, chemicals and financial sectors will be invaluable for the business and having someone of Bryan's stature join Quadrise at this important time is a clear endorsement of the progress that we are making. I and the rest of the board are looking forward to working with Bryan in the continued development of the business towards commercialisation and delivery of value to shareholders."

In addition to his appointment to the Quadrise board of directors, Mr. Bryan Kaye Sanderson CBE, aged 78, holds or has held the following directorships or partnerships in the past five years.

 
 Current                            Previous (last five years) 
 One World Entertainment Limited    Business Impact UK Limited 
 Diabetes Care Technology Limited   Argus Media Limited 
 Samling Institute for Young        ZIPP International Payments 
  Artists                            Limited 
 Home Renaissance Foundation        Cella Energy Limited (1) 
                                    Florence Nightingale Foundation 
                                    Durham Cricket C.I.C. 
 

1. Mr. Sanderson was appointed as a director of Cella Energy Limited on 28 September 2011 and resigned as a director of that Company on 18 February 2014. Cella Energy Limited was placed into administration on 6 June 2014 and dissolved on 17 March 2016. The deficiency as regards creditors was approximately GBP128,000.

2. Mr. Sanderson was appointed as a director of Oxford Policy Institute on 23 April 2009. Oxford Policy Institute was placed into creditors voluntary liquidation on 21 August 2012 and dissolved on 28 January 2014. The deficiency as regards creditors was approximately GBP156,000.

For further information, please refer to the Company's website at www.quadrisefuels.com, or contact [e-mail] or phone:

 
Quadrise Fuels International Plc 
Mike Kirk, Executive Chairman          [phone] 
Jason Miles, Chief Operating Officer 
 
Nominated Adviser 
Cenkos Securities plc 
Dr Azhic Basirov                       [phone] 
Ben Jeynes 
 Katy Birkin 
 
Joint Broker 
Peel Hunt LLP 
Richard Crichton                       [phone] 
Ross Allister 
 
Joint Broker 
 Stockdale Securities 
Andy Crossley 
 Daniel Harris                         [phone] 
 
  Public & Investor Relations 
FTI Consulting 
Ben Brewerton                          [phone] 
Ntobeko Chidavaenzi 
 

Notes to Editors

QFI is the supplier of MSAR(R) emulsion technology and fuels, a low-cost alternative to heavy fuel oil (one of the world's largest fuel markets, comprising over 450 million tons per annum) in the global power generation, shipping, steam and refining industries.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

END

BOAPGUMWCUPBGUW

(END) Dow Jones Newswires

April 23, 2019 06:40 ET (10:40 GMT)