Versarien (AIM:VRS) announced today the appointment of James Stewart as the company's Non-executive Chairman with immediate effect.
Stewart is currently Managing Partner of Menlo Partners LLP, an investment and advisory firm with a particular focus on technology companies operating in the UK and China.
Stewart, who has spent 25 years in the private equity sector, was formerly a Partner at ECI Partners LLP, one of the UK's longest established private equity fund managers.
He has also previously worked at Arthur Andersen & Co, N M Rothschild & Co. Limited and as an Investment Director at Rothschild Ventures Limited.
Following Mr Stewart's appointment the company's Board now comprises Stewart as Non-executive Chairman, Neill Ricketts as CEO Christopher Leigh as CFO, Susan Bowen as Non-executive Director and Iain Gray as Non-executive Director.
Shares in Versarien closed at 46.42p on Thursday afternoon.
"We are delighted to welcome James to the Versarien board,” said Ricketts, “He brings significant business and transaction experience to Versarien that will be particularly valuable as we progress our commercial partnerships and international expansion strategy.”
He added, “In particular James has considerable experience of doing business in Asia and a wide range of contacts that will assist Versarien.
I look forward to working closely with him and the Group being able to utilise his skills and experience as the commercial adoption of our graphene and other 2D materials accelerates."
Follow News & Updates from Versarien here: