Board Restructuring
12 Julio 2007 - 2:02AM
UK Regulatory
RNS Number:1098A
IDMoS plc
12 July 2007
For Immediate Release 12 July 2007
IDMoS plc
Board Restructuring
IDMoS plc (AIM: IDO) ("IDMoS" or the 'Group'), the specialist in disease
detection and monitoring technology, announces that Stephen Westwood, the
Group's Chief Executive is leaving the company with immediate effect to pursue
other business interests.
John Pool will move from the role of non-Executive Chairman to the position of
Interim Executive Chairman.
It is the Board's intention to appoint Graham Lay as Chief Operating Officer of
the Group, joining the Board with effect from 17 July 2007. Graham Lay has
extensive experience in the medical devices arena, having spent 18 years with
Johnson & Johnson, Inc, ultimately achieving the role of Vice President -
Worldwide Research and Development, where he was responsible for new product
innovation and development, including a significant number of product launches.
He also has substantial experience in the commercialisation of clinical
products.
A new Chief Executive will be appointed as soon as practical.
John Pool, Interim Executive Chairman of IDMoS said: "I wish Stephen well in the
future. Stephen has been Chief Executive of IDMoS since October 2004, steering
the business through its successful flotation on AIM, completing two
fundraisings and successfully negotiating a commercialisation agreement with
Dentsply.
I am delighted that Graham Lay has agreed to take up the role of Chief Operating
Officer. Graham's skills in new product development as well as his strong
industry contacts will be invaluable to IDMoS and the Board are confident that
this new team will be able to aggressively drive the business forward."
ENDS
For further information please call:
IDMoS plc 01382 598 440
John Pool
Buchanan Communications
Diane Stewart 020 7466 5000
Tim Anderson 0131 226 4427
Karen Morrison
This information is provided by RNS
The company news service from the London Stock Exchange
END
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