REG - Enteq Technologies - Appointment of new Head of Finance

Enteq TechnologiesAnnouncement

24/05/2024 07:00

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RNS Number : 7384P  Enteq Technologies PLC  24 May 2024

Enteq Technologies plc

 

("Enteq" or the "Company")

 

Appointment of new Head of Finance

and

Directorate Change

 

Enteq Technologies plc (AIM: NTQ.L), the specialist energy services
engineering and technology company, is pleased to announce the appointment of
Amir Absoud as Head of Finance, on a contractual arrangement, who will
commence his role on 24 May 2024, succeeding the current CFO Mark Ritchie.

Amir is a Fellow of the Institute of Chartered Accountants in England and
Wales and holds an Economics Degree from the London School of Economics. Amir
has experience from PwC in London, working with companies quoted on AIM. Amir
held senior finance roles at oilfield and energy services companies in the UK
and internationally. Amir has over two decades of experience working with
small and large businesses to design, set up and manage finance and tax
functions, implementing systems and offering strategic, commercial and tax
advice.

Amir is the founder and director of Upstreamly Ltd, a firm of Chartered
Accountants focused on energy companies, with offices in London and Aberdeen.
Upstreamly will be providing Enteq with accounting, tax, compliance and
advisory services, and with Amir's services as Head of Finance. As Head of
Finance, Amir will be an advisor and observer to the Board.

Mark joined the Board in June 2023 and will remain with the Company as a
Director until 31 May 2024 and as an employee until late June 2024 to ensure
an orderly handover of responsibilities.

 

Andrew Law, CEO of Enteq Technologies plc, commented:

"I am pleased to welcome Amir to the team; his experience in energy services
and growing businesses is directly relevant to Enteq's needs and coupled with
his entrepreneurial skill set, I believe he will deliver a positive impact to
Enteq. The additional support of Upstreamly will provide a high quality,
scalable and cost-effective solution to our financial services function."

"On behalf of the Board, our employees and shareholders I would also like to
personally thank Mark for his support. We wish him well in his future
endeavours."

 

For further information, please contact:

 

Enteq Technologies plc
                           +44 (0)20 8087 2202

www.enteq.com (http://www.enteq.com/)

Andrew Law, Chief Executive Officer

Mark Ritchie, Chief Financial Officer

 

Cavendish Capital Markets Limited (NOMAD and Broker)         +44 (0)20
7220 0500

Ed Frisby, George Lawson (Corporate Finance)

Andrew Burdis (ECM)

 

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