Written by Anna Bernstein on 13 Nov 2014
We are pleased to announce the appointment of Sir Eric Peacock to the board of directors as Non-Executive Chairman. Sir Eric joins the Board at a time when Momenta is exploring a range of strategic options to underpin and continue its growth.
Momenta will benefit from the wealth of relevant experience Sir Eric can bring from his previous and current business roles. These include his time as Chairman of Baydonhill Plc, the £1.4 billion currency payment business he took to an AIM listing and subsequently sold to Earthport Plc. Sir Eric has also been a Non-Executive Director of UK Trade and Investment, the Government’s export promotion and inward investment agency which has a £450 million budget, and also UK Export Finance (formerly ECGD) which has a multi-billion pound insurance line of support from the UK Government to assist in the development of the UK’s global business opportunities.
Sir Eric is also Chairman of the £300 million turnover Hong Kong-based furniture retail business, Halo International, which has operations in 60 overseas markets in addition to its major USA market activities, and he previously took his business Babygro to a full stock market listing after developing the business in 80 countries worldwide.
Richard Stevens, CEO of Momenta, said “We are pleased to have Sir Eric as part of the leadership team to help us formulate and execute our strategy. His experience will undoubtedly benefit the business and allow us to explore the full range of opportunities in front of us”.
Sir Eric added, “I’m excited to be joining Momenta at this pivotal time in their strategic development and I am privileged to be involved in contributing to the achievement of their business objectives. The growth of the business over the last 5 years has been remarkable and I look forward to helping them consolidate that and go on to greater things.”