| Transdermal Cosmetics appoints FD |
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| Wednesday, 21 May 2008 | |
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Transdermal Cosmetics Plc has appointed David Kingsnorth as finance director with immediate effect.
Kingsnorth has extensive finance director and company secretarial expertise combined with a wide experience of working in entrepreneurial environments, both public and private. For the past nine years he has worked for the Weekenders Group, a private international direct selling womenswear wholesaler, where he managed financial and operational affairs of the company within Europe. Originally trained at Ernst & Young, David first moved into property development working for Ford Sellar Morris Group, and was involved in various corporate finance projects including several major takeovers. After a period of working as a consultant to KPMG and various other companies, including a leading womenswear chain, David was then involved in setting up BCG Communications Limited, a 'below-the-line' design and marketing agency. Alex Rayner, CEO of Plus-listed Transdermal (LSE:TRCP), said that Annie Guerard has resigned as finance director of the company, but did not elaborate. Transdermal had a market capitalisation of £78 million when it was listing on the Plus Market in December 2007, despite having no trading history. The firm is licensed by its parent company, Transdermal Sciences, to use a technology that delivers collagen cream through the skin in a method similar to nicotine patches. The firm announced in January 2008 that the technology would be launched with a major advertising campaign - rumoured to cost around £25 million - in the United States. |
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