Verditek announced on Monday that Tim Lord has been appointed as chief financial officer with immediate effect following the news that Janet Donovan will step down from the board on 24 May.
The AIM-traded clean technology firm said Lord is exceptionally qualified for the role given his expertise and experience in financial control.

Lord has held the positions of chief financial officer at JP Morgan, based in Japan, Global chief financial officer for Société Générale, based in France, USA and Japan, and was the Financial Controller at Standard Chartered in Singapore and the UK.

Furthermore, the company said that Lord's educational history, which includes an MSc in geophysics, will allow him a deep understanding of the company's technology.

Geoff Nesbitt, chief executive of Verditek, said: "Tim's wealth of experience and insight into corporate finance will be a huge advantage as we continue to strengthen our commercial platforms and establish our position in the market. The board would like to thank Janet for her energy and enthusiasm in helping launch Verditek and wish her success in the future."

Director Janet Donovan has held a number of chief financial officer roles over a career that features 20 years of experience in science and technology.

As of 1542 BST, Verditek's shares were down 3.85% at 6.25p.

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