The Board of Directors currently comprises the Non-Executive Chairman and two Executive Directors. The Board holds meetings at least eight times during the year and it is responsible for business and commercial strategy, monitoring commercial progress, the approval of major transactions, and the approval of financial statements.

Board of Directors

Ric Piper

Non-Executive Chairman

Ric is a chartered accountant, having qualified with Deloitte in 1977. Previously he has been Finance Director of Logica (UK) where he was appointed in 1990, and Group Finance Director of WS Atkins from 1993 to 2002. Since 2003 he has been Chairman or Non-Executive Director for several AIM and privately owned businesses. Ric is a partner with Restoration Partners Limited, which advises technology businesses, and a member of the Financial Reporting Review Panel. Ric has been a director since August 2009 and has recently been appointed to his new position as Non-Executive Chairman.

Carlos Neves

Executive Director/Chief Executive Officer

Mr Neves, a Brazilian national, was appointed CEO on 1 July 2012. Mr Neves joined the Company as CFO in September 2011. Prior to joining the Company, he had worked in the energy industry for 19 years, most recently in Corporate Planning for Cosan in Brazil. Prior to this he worked for Exxon Mobil in Brazil and the USA. Mr Neves has extensive experience at strategic planning, business analysis and financial control in addition to sales and marketing.

Charles Rendell

Executive Director/Chief Financial Officer

Mr Rendell, a UK national, joined the Company in July 2011 and was appointed CFO in July 2012. Prior to joining the Company, he has worked in the technology industry for 20 years, most recently as CFO of ARC International plc, a UK listed company. Prior to this he worked for Argonaut Software and Sega. Mr Rendell is a Chartered Accountant, qualifying with KPMG in London.