Elektron Technology plc announced that Giovanni Ciuccio and Peter Welch will join the company's Board as Non-Executive Directors from September 10, 2015. Peter and Giovanni will each become members of the Audit and Remuneration Committees, both of which will be chaired by Peter. Giovanni has extensive knowledge and experience in capital markets, structured finance and valuation, being involved latterly in investment management and prior to that investment banking at Barclays Capital.

Giovanni is currently employed within the D&A Income Limited group. Peter was a founder, shareholder and Board Director of Singer Capital Markets Ltd. and led its merger and integration with N+1 Brewin. Prior to that Peter had a career in the insurance industry, holding a number of senior executive positions with Hiscox plc.

He will become Senior Independent Director. The two current Non-Executive Directors, Tony Harris and Ric Piper, are standing down from the Board. The company also announced that Andy Weatherstone, Chief Financial Officer since April 2014, to step down from the Board with the aim of resuming his turnaround consultancy.

Andy will continue in his role until March 2016 to allow an orderly transition of his responsibilities (including the January 2016 year end accounts) to his successor, the search for whom has commenced.