Accsys Technologies PLC Directorate Appointments

Appointment of Chief Financial Officer

Accsys, the fast-growing and eco-friendly company that combines chemistry and technology to create high performance, sustainable wood building products, is pleased to announce that Steven Salo has been appointed Chief Financial Officer and a member of the Board of Accsys, with effect from 1 April 2023.

Steven, a chartered accountant, brings significant experience in senior financial leadership roles, executing high-value corporate and business development transactions, and driving and shaping businesses for profitable growth. His experience includes substantial construction and engineering work. Most recently, Steven was Group Chief Financial Officer at Depa PLC, a publicly listed interior manufacturing, construction and assembly firm headquartered in Dubai providing interior construction services and joinery manufacturing for contractors in the Middle East, Africa, Asia and Europe. During his six-year tenure he supported the business and its major business units through periods of restructure and growth. Steven was also interim CEO of Design Studio Group Ltd from 2019 to 2021 and prior to joining Depa was Head of Strategy, Corporate Development and M&A at Arabtec Holding PJSC.

Together with a strong track record as a finance leader, Steven formerly worked in investment banking for both Citigroup and Dresdner Kleinwort Wasserstein and began his career at PwC in Australia.

William Rudge will continue at Accsys for a further period of up to the end of April, so that an orderly handover can be effected.

Appointment of Executive Chairman

Further to the announcement made on 12 December 2022, Accsys continues to make good progress on the search for a new Chief Executive to succeed Rob Harris, who will leave the business, as planned, on 31 March 2023. In order to provide Accsys with continuity whilst the search process continues, Stephen Odell, Chairman of the Board of Directors, will assume the role of Executive Chairman of Accsys on an interim basis from 1 April 2023 until a permanent Chief Executive is appointed. Stephen has significant global executive experience through 38 years with Ford Motor Company where he held senior management roles across North America, Europe and Asia.

Stephen Odell, Chairman, commented:

“On behalf of the Board, I am very pleased to welcome Steven to Accsys. Steven’s background as an international Group CFO with experience focused on driving improvement in financial fundamentals will be highly beneficial to Accsys as we enter our next growth phase. I would also like to thank Will Rudge for staying on to support Accsys and transition his responsibilities to Steven and wish him all the best with the next step in his career.

I am stepping into the role of Executive Chairman on an interim basis as we progress our CEO search process, and I look forward to working with our dedicated and talented employees across the Group in an executive capacity.”

About Accsys Technologies

Accsys (Accsys Technologies PLC) is a fast-growing business with a purpose: changing wood to change the world. The company combines chemistry, technology and ingenuity to make Accoya® wood and Tricoya® wood elements: high performance wood products that are extremely durable and stable, opening new opportunities for the built environment and giving the world a choice to build sustainably. Accsys transforms fast-growing, certified sustainable wood into building materials with an up to 50-year warranty, locking carbon stored in the wood into useful products for decades, with performance characteristics that match or better those of non-renewable, resource-depleting and polluting alternatives. Accsys is listed on the London Stock Exchange AIM market and on Euronext Amsterdam, under the symbols ‘AXS’. Visit www.accsysplc.com.

Contact:

Katharine Rycrof – Investor Relations – ir@accsysplc.com

Source: Accsys Technologies PLC