InfraStrata plc (AIM: INFA), the UK quoted company focused on the development of natural gas storage capacity, is pleased to announce that Malcom Groat has been appointed as a Non-Executive Director of the Company, with immediate effect, and will be the Chair of the Audit Committee.
Malcolm has worked for many years as a consultant to companies in technology, natural resources and general commerce. Following an early career with PWC in London, he held CFO, COO, and CEO roles in established corporations including the construction firm now called Arcadis. Since 2004 Malcolm has served in non-executive director or chairman positions, today including Baronsmead Second Venture Trust PLC and Tomco Energy PLC. Malcolm is a Fellow of the Institute of Directors, Fellow of the Royal Society for the Encouragement of Arts, Manufactures and Commerce, and Fellow of the Institute of Chartered Accountants in England and Wales. He holds university degrees from St Andrews (MA) and Warwick (MBA).
In addition, Arun Raman has been appointed as the Company’s new Chief Financial Officer, with immediate effect. Arun previously held the position of Non-Executive Director and will remain a director of the Company as CFO.
John Wood, Interim Chairman and Chief Executive Officer, commented: “As we progress to the construction stage of the project it is essential that we have the right team in place for this phase of the Company’s evolution. Malcolm brings with him a wealth of experience that will add value to the business from day one. Having worked with Arun since he joined the board it is fantastic that he will now be moving into an executive position.”
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