27
March 2024
Zenova Group
PLC
("Zenova", the "Company" or the "Group")
Board
Changes
Zenova Group PLC (AIM: ZED), the innovative fire suppression and
interdiction solutions Company, announces the following board
changes:
After playing a pivotal role in the
development of Zenova's market-leading suite of intumescent paints
and fire extinguisher fluid products to where the Company is ready
to execute on orders across multiple jurisdictions, Don Nicolson,
non-Executive Chairman, has informed the Board of his intention to
step down with immediate effect. The Company extends its
heartfelt thanks for his invaluable contributions throughout his
tenure.
Also, with immediate effect, Fiona
Rodford has been appointed as non-Executive Group Chair to replace
Don. Fiona is a long-time Board member who currently chairs
the Remuneration Committee as well as runs the weekly Executive
Action Planning meeting alongside CEO Thomas Melchior. Fiona
brings a wealth of experience as a Chief People Officer and
Transformation lead, working within large global businesses
including BAA, Alliance & Leicester, Thomas Cook and
Booker.
Fiona holds a non-Executive
Directorship at Carr's Group Plc, is Deputy Chair of Pilotlight,
and is a member of the Remuneration and Appointments Committee of
the Recruitment and Employment Council.
Don
Nicolson, outgoing Chairman, said, "Leading Zenova to the
point where it offers some of the most innovative products in its
sector has been immensely satisfying. I know I'm leaving the
Company's significant potential in very capable hands with Fiona's
appointment to replace me."
Fiona Rodford, Incoming Chair said, "Don's leadership in
getting Zenova's product offerings to the point where the Group can
now focus on closing business and exploiting its continued
penetration of new markets through its expanding distribution
arrangements, makes my job as incoming Chair even more
compelling."
Thomas Melchior, CEO, Zenova Group said, "Fiona and I have had a productive and supportive
working relationship for some time. I echo her sentiments
regarding Don's experience and professionalism in getting the
Company to this successful inflection point, and I want to thank
him personally for his service to Zenova."
For
further information please contact:
Zenova Group PLC
|
Thomas Melchior, Chief
Executive Officer
Fiona Rodford,
Non-Executive Group Chair
|
Via Orana Corporate LLP:
Anthony Eastman
Tel: +44 20 3475 6834
|
SPARK Advisory Partners Limited (Nominated
Adviser)
|
Matt Davis / Adam
Dawes
|
Tel: +44 20 3368 3550
|
SI Capital Limited (Joint
Broker)
|
Nick Emerson
Peterhouse Capital Limited (Joint
Broker)
Charles Goodfellow /
Rose Greensmith
|
Tel: +44 1483 413 500
Tel: +44 20 7469 0930
|
About Zenova Group PLC
The Group, through Zenova Ltd, is the
holder of intellectual property that underpins a suite of fire
safety and temperature management products and technology. The
product range is applicable to industrial, commercial, and
residential markets. The Group's products include fire retardant
paints, insulating paints and render, fire extinguishing fluid and
fire extinguishers. Through innovative development, and a refined
formulation and development process, Zenova provides industry
leading solutions across a range of fire protection and temperature
management problems, comprising:
Zenova FP, fire protection
paint
A water based, fire protection paint
(also known as a 'thermofoaming' or 'intumescent' paint), which can
be used on any surface and colour matched to any colour. When
exposed to heat or flames, the paint expands and creates a solid
foam-like crust which will not burn and insulates the surface it is
painted on. This prevents surfaces from catching fire and stops
fire spreading. It has been tested by global fire industry
experts and complies with UK building regulations and the latest UK
and European fire safety standards.
Zenova IP, thermal insulation
paint
A thermal insulation paint embeds the
most modern insulating technology in a thermos-like ultra-thin
layer. It saves energy by increasing the thermal
insulation level in commercial and residential
buildings. Solar heat can increase the temperature within a
building by 75% to 90%. Zenova IP has been independently tested and
validated to deflect, absorb and dissipate up to 75% of this
heat, thereby reducing the inside temperature by up to 45%.
Suitable for both exterior and interior, on any type of
surface
Zenova IR, thermal insulation
render
Zenova IR is a ready mixed insulation
render that can be applied to internal and external walls in
commercial and residential buildings to provide immediate
insulation benefits and can be colour matched to any
colour.
Zenova FX, fire
extinguishers
A fire extinguisher like no other. It
puts out class A, B, F, Electrical fires fully tested against
European EN3 as well as British standards. Available in 6 and 9
litre sizes.
Zenova FX500, aerosol fire
extinguisher
The Zenova FX500 is a
high-performance handheld fire extinguisher that is tested by
independent experts and adheres to the highest industry
standards. Safe for use on any type of fire the Zenova
FX500 reduces the risk of reignition. The Zenova FX 500 is quick,
easy and safe to operated and has been tested to BS6165
standard.
Zenova WB, wildfire
barrier
A wildfire barrier fluid (applied via
spray wands or aerial drops), which provides a virtual barrier
where fire simply will not burn. Repeated tests on a variety of
extremely dry wildfire fuels (grasses, hays, brush) demonstrates
the incredible fire resistance Zenova WB provides, while remaining
viable after application for30+ days in dry conditions.