ProPhotonix Limited Directorate Change (9333H)
26 Junio 2013 - 8:34AM
UK Regulatory
TIDMPPIR TIDMPPIX
RNS Number : 9333H
ProPhotonix Limited
26 June 2013
ProPhotonix Limited ("ProPhotonix" or the "Company")
Directorship and Management Announcement
ProPhotonix Limited (London Stock Exchange - AIM: PPIX and PPIR,
OTC: STKR), a designer and manufacturer of LED illumination
systems, laser diode modules and a laser diode distributor with
operations in Ireland and the U.K., today 26 June 2013, announces
Director and management changes. Mr. Raymond Oglethorpe, Lead
non-executive Director, is elected by the Board to the position of
Chairman. In addition, Mr. Mark Weidman, President Wheelabrator
Technologies, Inc., a subsidiary of Waste Management, Inc., is
nominated to the Board of Directors to fill the non-executive
Director vacancy of Mr. Dietmar Klenner. Mr. Philip Feeley,
Corporate Controller, has been appointed acting Chief Financial
Officer.
Tim Losik, President and Chief Executive Officer stated "the
ProPhotonix Board continues to enhance Corporate Governance and
good corporate practice. Ray has served as the lead non-executive
Director for many years and this transition is a natural shift for
the Company. Ray and I have worked together for more than five
years and I look forward to working with him and the entire Board
as the Company evolves.
"I am delighted that Mr. Weidman is a nominee to the Board of
Directors. He brings years of management and development skills to
the Board, including international expertise and complex joint
venture and partnership transactions. Mr. Weidman has served in
numerous executive leadership roles at Wheelabrator Technologies
Inc. for over twenty years. Wheelabrator is a world-leading
environmental technologies company operating in North America,
Europe and China.
"Finally, Mr. Philip Feeley has taken the role of acting Chief
Financial Officer of the company. Mr. Feeley has been the Corporate
Controller since joining the company on 31 October 2005. Prior to
that, Mr. Feeley was controller for GE, General Eastern Instruments
from 1994 - 2004," concluded Mr. Losik.
Ends
Enquiries:
ProPhotonix Limited Tel: +1 603 870 8220
Tim Losik, President & CEO ir@prophotonix.com
N+1 Singer Tel: +44 (0)207 496
Andrew Craig/ Ben Wright 3000
About ProPhotonix
ProPhotonix Limited, headquartered in Salem, New Hampshire, is
an independent designer and manufacturer of diode-based laser
modules and LED systems for industry leading OEMs and medical
equipment companies. In addition, the Company distributes premium
diodes for Oclaro, Osram, QSI, Panasonic, and Sony. The Company
serves a wide range of markets including the machine vision,
industrial inspection, defense, sensors, and medical markets.
ProPhotonix has offices and subsidiaries in the U.S., Ireland,
U.K., and Europe. For more information about ProPhotonix and its
innovative products, visit the Company's web site at
www.prophotonix.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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