Bach and Benson join board of DeepMatter
DeepMatter, the AIM-quoted Glasgow company focusing on digitising chemistry, has appointed Karen Bach as non-executive chairman and Fraser Benson as as chief financial officer from 1 November.
Ms Bach brings significant public and private technology expertise, particularly focused on helping young technology businesses deliver on their growth potential, with an understanding of the life sciences through her non-executive eirectorship at Datapharm.
This is coupled with a strong financial background, having held the CFO role at growing technology businesses: IXEurope, ACS and Kewill; and with blue chip multi-nationals including EDS France, MCI WorldCom, General Motors and Ernst & Young.
She is currently chairman of Amino Technologies and Consult Red and non-executive director of Escape Hunt. As well as advising businesses, Ms Bach is a member of the 30% Club, which supports boards to appoint more female directors and increase the pipeline of upcoming female talent at board and senior management levels.
She has confirmed she intends to subscribe for 500,000 new ordinary shares in the company at a price of 2.5p per share, prior to her starting date. A further announcement in relation to the subscription will be issued in due course.
Mr Benson has 17 years of accounting experience and significant exposure to fast-growing software businesses having worked at Tradeweb, a NASDAQ listed electronic fixed income and derivatives trading platform, for eight years, latterly as finance director, Europe and Asia, supporting the Group’s international growth. Previous experience includes working with a range of organisations from FTSE 100 companies through to venture capital backed businesses across multiple sectors.
Mr Benson succeeds Lauren Lees, who stood down from the board of directors from 19 October.
Mark Warne, chief executive, commented: “Karen’s wealth of experience in working with growth companies, as well as her enthusiasm in the technology sector, resonates with our long-term strategic goal to digitise chemistry, while Fraser’s experience of working in fast growth businesses means that he has skills and knowledge to share with DeepMatter.”