Smart plastics firm Symphony Environmental Technologies has appointed Robert Wigley to its board as a non-executive director with immediate effect.
Wigley, who has acted as an adviser to the company over the last few years, has spent his career in banking, latterly as chairman of Merrill Lynch for Europe, the Middle East and Africa, and now works with several growth companies in addition to his role as chairman of UK Finance, which represents nearly 300 of the leading firms providing finance, banking, markets and payment-related services in or from Britain.

As a result of his appointment, Wigley was beneficially interested in 200,000 ordinary shares in Symphony and was also granted options over 750,000 additional shares exercisable between one and five years from his appointment.

Nirj Deva chairman of Symphony, said, "I am delighted to welcome Bob to the board of Symphony. He brings a wealth of experience from a distinguished career in investment banking, and from our previous working experience with Bob, are unequivocal in our belief that he will be a valuable source of guidance and that his skills and experience will complement the board."

"This is a further step in the transformation of the company from its development stage to achieving its full potential, and I think the strengthening of the board with a director of the calibre of Bob Wigley is a major endorsement for the company and its products," Deva added.

As of 1340 BST, shares had picked up 8.69% to 22.01p.

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