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SIMEC Atlantis Limited appoints former CFO Duncan Black as a non-executive director; names Special Adviser to the group's board

Stephen Hodges is a waste sector specialist who most recently held the position of Director of Engineering at Viridor Waste Management Ltd

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SIMEC Atlantis Limited (LON:SAE), the global developer, owner and operator of sustainable energy projects has announced the appointment of its former CFO Duncan Black as a non-executive director (NED), with immediate effect, and the appointment of Stephen Hodges as Special Adviser to the group's board.

The company noted that Black brings to the group a wealth of experience in leading investment groups, advisory firms and power companies within the UK, Asia and Australia. He has formerly held the positions of Co-Head, Infrastructure Investment, at Eastspring Investments (part of Prudential PLC), Asia Head of Acquisitions at Deutsche Asset Management, CFO of CLP Holdings' Australian electricity and gas utility business, EnergyAustralia, and Head of Finance and Development at InterGen in Asia Pacific.

Having previously held the position of CFO of Atlantis, and a NED of the board up until 2018,  it said Black has a deep understanding of the company, while his contacts and knowledge of the Asian power and infrastructure markets will allow Atlantis to pursue expansion opportunities presented by our project partners in Japan and South Korea.

READ: SIMEC Atlantis Energy continues to see high level of activity across all business units

SIMEC Atlantis pointed out that Hodges is a waste sector specialist who most recently held the position of Director of Engineering at Viridor Waste Management Ltd. His knowledge of the UK waste and waste to energy sector will be very valuable to both the board in his role as Special Advisor as well as to the Executive Management Team as a member of the Technical Committee.

In a statement, SIMEC Atlantis Energy chairman, John Neill commented: "Duncan is an exceptional candidate with extensive knowledge of Atlantis, and we are all looking forward to working with him to establish Atlantis as a global leader in sustainable power generation.

"Further, we are delighted that Stephen has agreed to join the Atlantis team as a Special Advisor. I know that his extensive industry and technical knowledge will be a very valuable resource for the Company to draw on as we seek to deliver our flagship Uskmouth conversion project and build out our fleet of fuel production plants across the UK."

The company also confirms that, further to the announcement on July 27, 2020, Ian Wakelin has now stepped down from his non-executive board position ith the company.

Quick facts: SIMEC Atlantis Energy

Price: 23.5 GBX

AIM:SAE
Market: AIM
Market Cap: £115.52 m
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