Imperial Innovations announces David Newlands to its Board of Directors as upcoming Non-Executive Chairman

– UK, London – Imperial Innovations Group plc (AIM: IVO), has announced that David Newlands will be joining the Board of Innovations and become non-executive Chairman with effect from 1 August 2016, the start of the Group’s new financial year.

Further to the announcement on 21 March 2016 that Dr Martin Knight would be stepping down as Non-executive Chairman and Director of the Group, the Nomination Committee, chaired by Dr Linda Wilding, carried out a rigorous assessment of available candidates and concluded that Mr Newlands met the criteria required for the role given his extensive Board experience, including large and mid-cap listed companies. Dr Martin Knight will step down as a Director of the Group on 31 July 2016.

Amongst his numerous board positions, David was formerly Chairman of PayPoint plc, Tomkins plc, Britax International, Kesa Electricals plc and HellermanTyton plc. His experience spans flotations, mergers and acquisitions, and growth companies.

Prior to these positions, David was Group Finance Director of The General Electric Company plc from 1989-1997 and Group Finance Director of Saatchi & Saatchi Plc from 1986-1989.

He trained as an accountant with Deloitte and Touche and became a partner in 1977 specialising in large international clients.

Martin Knight, Chairman of Innovations, said: “We are delighted that David has agreed to take on the Chairmanship. His extensive business background will be invaluable and is highly relevant to Innovations and its maturing portfolio companies. I am very pleased that the Group has attracted someone of his experience and calibre.”

David Newlands, commented: “Innovations is one of the leaders of the fast emerging Technology Commercialisation sector in the UK and I am honoured to have been offered the role of Chairman.

“I am excited by the prospect of steering this already impressive company through its next phase of development”

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