Haydale Graphene Industries PLC (LON:HAYD) has appointed David Banks, a senior executive Investment banker who has been the firm’s corporate broker, as its non-executive chairman with immediate effect.
In a statement, the global nanomaterials group said Bank is replacing John Knowles who, as previously announced, has decided to retire.
Banks joins Haydale from Cantor Fitzgerald Europe, where he held the position of managing director in Corporate Broking, having previously held senior positions at Dawnay Day, Durlacher, Arbuthnot Securities and Panmure Gordon.
Commenting on the appointment, Ray Gibbs, Haydale’s CEO, said: "We are delighted to welcome David to our Board. He has significant experience at a senior level within the City and, together with his considerable industrial connections, he will undoubtedly be of great added value to Haydale.
“Having acted as our corporate broker, David knows the business and its shareholders extremely well and we are looking forward to David's counsel as we transition to a sales-driven global advanced materials business. “
Banks said: “Given my background in investment banking, I fully appreciate the importance for growth companies to clearly communicate their investment story not only to their current investor base but also to potential investors who can help facilitate the growth of the company.”
He added: “I am already very close to the Haydale story and as such, I am really excited at the prospect of applying my expertise to a business which is already commercialising nanomaterials for the benefit of global industry."
The group said the new chairman does not currently hold any shares in, or options over shares in the company.