Velocys plc announced the appointment of Ross Allonby as a Non-executive Director with immediate effect. Ross Allonby has also been appointed as a member of the Audit Committee, Remuneration Committee and the Nomination and Governance Committee. Mr. Allonby is a Founder, Managing Partner and CEO/CIO of First River Capital Partners LLP.

He was formerly Head of Emerging Markets (EM) Credit Trading at Bank of America Merrill Lynch, responsible for EM direct lending, loans, structured credit trading, EM special situations, EM distressed/high yield and EM flow trading. The Board also announced that, with immediate effect, the Audit Committee is to be renamed the Audit and Risk Committee. In addition, Pierre Jungels, Jan Verloop and Sandy Shaw will step down from this committee, the membership of which will be Mark Chatterji (Chairman), Julian West and Ross Allonby.

Pierre Jungels, Jan Verloop and Mark Chatterji will also step down with immediate effect from the Remuneration Committee, the membership of which will be Sandy Shaw (Chair), Julian West and Ross Allonby.