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Quadrise Fuels reshuffles board as it continues transition to commercialisation

From 1 February, current chief operating officer Jason Miles will become chief executive, while head of projects Mark Whittle will take over as COO

Quadrise Fuels International PLC - Quadrise Fuels reshuffles board as it continues transition to commercialisation

Quadrise Fuels International PLC (LON:QFI) has unveiled plans to reshuffle its board as it continues a transition towards commercialisation.

The specialist fuel firm said that from 1 February, current chief operating officer Jason Miles will become chief executive, while head of projects Mark Whittle will take over as COO.

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Meanwhile, Mike Kirk will continue in his role as the company’s executive chairman.

Quadrise said the changes to its executive team were being made at “the right time” following a £4.5mln fundraising in the third quarter of 2019, which enabled it to continue its business development activities.

“I have worked closely with Jason since joining Quadrise and during the last two years have also worked increasingly closely with Mark, both of whom have been integral to the recent business development initiatives”, Kirk said.

“I congratulate Jason and Mark on their new roles and look forward to working closely with them at an extremely exciting time for Quadrise", he added.

Quick facts: Quadrise Fuels International PLC

Price: 2.43 GBX

LSE:QFI
Market: LSE
Market Cap: £24.2 m
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