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Plantic head Dow leaves bioplastics firmstevenkiernan, 31 January 2008Be the first to comment on this article Grant Dow has stepped down as managing director and chief executive of Plantic Technologies, the Australia-based developer of cornstarch-based plastics for packaging.
He was also at the group's helm during two rounds of fundraising and its listing in May 2007 on the Alternative Investment Market of the London Stock Exchange. However, Plantic warned in December that sales for 2007 would be "lower than anticipated". Finance director and chief operating officer Brendan Morris will act as chief executive for a minimum of three months while the board seeks a replacement for Dow. Plantic's share price has been falling since the start of the year and dropped 7% today to 45p. Speak Your Mind |
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