Velocity appoints independent non-executive director

Further to the announcement on 27 February 2018, the company also announces the retirement of Peter Turner from the Board effective today.

Tenner is an experienced commercial, operational and financial professional with over 25 years industry experience.

It is intended that Tenner will chair the Audit Committee and be a member of the Remuneration Committee.

The appointment follows the announcement made on 27 February 2018 that the Board was seeking to appoint two new non-executives; one with an audit and finance background alongside another one with manufacturing and public company experience. It is expected that a further independent non-executive Director appointment will be made in the near future.

Mark Mills, non-executive chairman of Velocity said: “On behalf of the Board I am delighted to welcome Brian as a non-executive director during an exciting stage of the company’s growth. Brian’s extensive finance, PLC and operational experience will be of significant value as we focus on expanding our customer base in Europe and beyond. I would also like to thank Peter for his contribution to the Company and wish him well in his retirement.”

www.velocity-composites.com