New Board Appointment
In December 2021 Changeover Technologies bade farewell to Alan Lilley, who served as Non-Exec Finance Director. We are extremely grateful for his positive input over the past few years. As Alan leaves to pursue his favourite past-time of golf, we welcome to the board a new Non-Executive Finance Director - Paul Lavery. Paul is an experienced chartered accountant, having worked for the last fifteen years in a variety of CEO and CFO roles. In the last eight years, Paul has been the CFO of a private equity backed international equipment rental business. With a strong corporate finance element to this role, he has led on M&A transactions with a combined EV of c. £150m, together with associated debt-raising. We look forward to Paul’s involvement in Changeover Technologies as we aim to scale up and launch our commercial unit in 2022.