Symphony Environmental chairman stands down
Non-plastic products specialist Symphony Environmental said on Friday that Nirj Deva had resigned from his position as chairman with immediate effect.
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Deva has left the group to concentrate commercially on his "extensive global connections", now permitted following the end of his tenure as a member of the European Parliament.
He will continue to serve Symphony as a special ambassador, "utilising his many high-level connections to unlock and create additional revenues" for the AIM-listed group.
Nicolas Clavel, a non-executive director at Symphony, will act as interim chairman of the board until a replacement can be appointed.
Chief executive Michael Laurier said: "The board is enormously grateful for the contribution Nirj has made to the company over the years and I am delighted that he has agreed to continue serving Symphony in his new role as Special Ambassador.
"His departure as chairman, however, provides the company with an opportunity to appoint a new individual to provide fresh impetus at this exciting time with more governments legislating against the manufacture of non-biodegradable plastics."
As of 0920 GMT, Symphony Environmental shares had lost 4.27% to 7.52p.