Portfolio news 2010
Modern Water plc - Board changes
17 Jun 2010
Modern Water (AIM:MWG), the owner of leading water technologies
focused on addressing the scarcity of fresh water and the treatment
of wastewater, announces today that Robert Clarke joins the Board
as a non-executive Director with immediate effect.
Robert, aged 49, who qualified as a chartered accountant, has
worked in the private equity industry for more than 20 years, first
at Electra Partners and subsequently as a founding partner of
Cognetas. He has extensive experience in developing and growing
businesses, and will bring strategic and financial expertise to the
Board of Modern Water.
At the same time, Paul Shepherd and Trevor Jones are retiring
from the Board and stand down with immediate effect.
Commenting on the announcement, Neil McDougall,
Executive Chairman of Modern Water, said, "We are
delighted to welcome Robert to the Modern Water Board. Robert
is a seasoned private equity professional and has for many years
performed key roles in investment, board representation and
management. The Company will benefit from his extensive experience
of helping growth companies move from the development phase to
On behalf of the Board, I would also like to express our sincere
thanks to Paul and Trevor for their valuable contributions to the
early work of developing Modern Water. Their counsel has been
invaluable as we grew our technology portfolio and prepared it for
commercial development. I would like to take this opportunity to
acknowledge their personal support over this initial development
The changes we announce today reflect the fact that Modern Water
is now entering a new chapter, the wholesale commercialisation of
its portfolio of specialist technologies."
There are no further disclosures to be made under Schedule 2 (g)
and (i) of the AIM rules.
For further information:
Modern Water plc
Rachel Lankester or
020 7367 5226 or 5228
Juliet Thompson or Phil
020 7776 1200