Nanomaterials manufacturer Nanoco Group selects new chairman

Nanoco Group plc (LSE: NANO), a developer and manufacturer of nanomaterials, has announced that its chairman has resigned as a director.

Tony Clinch, who held a post on the Manchester-based company’s board for the last six years, will step down to be replaced by Chris Richards. Chris joined Nanoco’s board in the role of non-executive director in November 2015.

Tony led Nanoco through a number of milestones during his time with the firm, including its move from AIM to the Official List.

Discussing the board changes, which take place with immediate effect, Nanoco’s CEO, Michael Edelman, said: “On behalf of the board, I would like to express sincere thanks to Tony Clinch for the major contribution he has made to Nanoco’s development in the past six years, most recently as chairman.

“In this role, he has provided wise counsel on the commercial transition of the company in the display market, opening up new commercial opportunities through a non-exclusive licensing strategy. We thank Tony for his dedication to Nanoco and wish him well in his future endeavours.”

He continued: “I would also like to welcome Chris Richards, a Non-Executive Director for the past six months, to the role of chairman.”

“I’m confident that he will build on the platform that Tony has created, and guide us in the exploitation of Nanoco’s world-leading technology through multiple channels in the display market and in our other target markets.”

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