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Collagen Solutions appoints new chief financial officer as Gill Black steps down for family reasons

Published: 08:26 14 Dec 2017 GMT

CFO appointment
Collagen said Black will remain with the company, maintaining her role as company secretary and will assist in the smooth transition of roles

Collagen Solutions PLC (AIM:COS) has confirmed the appointment of Hilary Spence as its chief financial officer with effect from 3 January 2018, taking over from Gill Black who has decided to step down as CFO and from the board for family reasons.

The AIM-listed global supplier, developer and manufacturer of medical grade collagen and tissue components said the new CFO, who will be based in the group’s Glasgow office, most recently was Interim CFO at private equity funded Powerleague.

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Spence has also worked with a broad range of companies from large corporates including Heineken, Vodafone, Motorola and Premier Foods and smaller more entrepreneurial businesses.

Collagen said Black will remain with the company, maintaining her role as company secretary and will assist in the smooth transition of roles.

Commenting on the appointment, Jamal Rushdy, Collagen Solutions’ CEO said: "Hilary has a wealth of experience both commercially and financially, working with businesses that mirror Collagen Solutions growth model and we believe she will be an important asset to the business in this exciting period of transitional growth for the Company.”

READ: Collagen Solutions looking ahead to busy second half

He added: "I would also like to take this opportunity to thank Gill Black for her hard work over the last three and a half years as CFO. We are fortunate that she will be staying on within the finance team in Glasgow and assisting Hilary, particularly in the first few months of Hilary's induction within the business."

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