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Oxford Nanopore appoints former Ocado CFO as president

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Oxford Nanopore Technologies plc has appointed its replacement chair for retired Peter Allen.

Duncan Tatton-Brown will join the MedTech company on August 1, 2022, with Allen retiring from the board the previous day.

Tatton-Brown served as CFO at Ocado plc from 2012 to 2020, transforming it from a simple online grocery store to a global technology company.

He has extensive experience as executive and non-executive director of FTSE companies, growth and founder-led companies in the technology, retail and media industries. He remains a senior consultant to Ocado and currently also sits on the boards of Cazoo and Trainline.

Oxford Nanopore Listed on the London Stock Exchange last year with a £ 3.4 billion IPO at a price of 425 pence per share. Its current share price is 284 pence.

The company, born out of the laboratory of Professor Hagan Bayley of the University of Oxford, has developed a real-time DNA / RNA sequencer and can help with accurate and rapid testing in cancer and infectious diseases.

Oxford Nanopore sequencing devices are used in scientific research around the world and increasingly in regulated environments such as healthcare and food safety.

The company serves thousands of customers in a wide range of scientific communities, in more than 100 countries around the world.

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“Duncan offers substantial board experience in supporting growing high-tech technology companies, which is critical to our long-term ambition to enable analytics of anything, from anyone, anywhere,” said CEO Gordon Sanghera. .

“I would like to thank Peter for his support and guidance over the years and I look forward to working with Duncan as we enter the next phase of growth.”

Tatton-Brown added: “The company has already achieved a huge achievement, yet it is at the foot of its growth path. The future opportunities for its sensing technology are immense, from the current scientific research community to future uses through healthcare, agricultural, food or environmental applications.

“This potential is underpinned by its highly innovative and differentiated technology, fantastic team, strong business model and growing customer base. I look forward to working with the board of directors and executive team to ensure the continued and long-term success of Oxford Nanopore. “

“We need to turn the UK into a hi-tech economy”

Oxford Nanopore appoints former Ocado CFO as president

Source link Oxford Nanopore appoints former Ocado CFO as president

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