Restore Announces Leadership Changes

Restore (AIM: RST) has announced significant changes to its board of directors as of Monday. Dan Baker has been appointed as the new Chief Financial Officer and director, effective from the 13th of November.

Dan Baker will be taking over from Mike Killick, who served as the interim CFO since August and will step down as a director on the 13th of November. However, he will assist in a smooth transition during his notice period.

The company highlighted Baker’s extensive experience. He previously served as the CEO of EV Metals Group’s battery materials business after its acquisition from Johnson Matthey in 2022. Prior to that, he held the position of Finance and Strategy Director for battery materials at Johnson Matthey from 2018 to 2022. Baker has also held senior positions at Smith & Nephew, including Group Financial Controller and CFO in China. He is a Chartered Accountant and began his career at Deloitte, where he spent 11 years in its audit practice.

Charles Skinner, the Chief Executive Officer, expressed his delight about Baker’s appointment, stating, ”We are delighted that Dan is joining us as chief financial officer. He is a highly experienced finance executive who brings considerable commercial and technical accounting knowledge and a strong understanding of listed company and growth business environments. On behalf of the board, I would like to express my sincere appreciation for Mike’s contribution during his interim appointment.”

Additionally, Restore noted a change in its chair position. Jamie Hopkins has succeeded Sharon Baylay-Bell as the non-executive chair, with both changes taking immediate effect.

Hopkins had been a part of the Restore board since 2020 and previously held the roles of Senior Independent Director and Remuneration Committee Chair.

Baylay-Bell, a director at Restore for nine years, has stepped down from her position as chair and director. She joined the Restore board in September 2014 and served in various capacities, including Risk Committee Chair and Senior Independent Director. During her tenure as chair, Baylay-Bell played a pivotal role in overseeing the company’s evolution and the development of its environmental, social, and governance (ESG) strategy. She also facilitated the recent transition to a new executive leadership team, including the appointment of Charles Skinner as CEO and the newly-announced CFO, Dan Baker, following an independent search process.

Susan Davy will continue as the Senior Independent Director and Audit Committee Chair, while Lisa Fretwell will retain her position as the Chair of Risk, Remuneration, and ESG on the Restore board.

Jamie Hopkins expressed his gratitude to Sharon for her leadership as chair over the last two years and for her commitment and service to Restore since joining the board in 2014.

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