As announced to the ASX on 9 June 2010, Mr Clemens Betzel has been appointed as the new Chief Executive Officer responsible for global operations of the Dyesol Group of Companies. Mr Betzel commenced his new role on July 1 and will be visiting Australia in the coming days to closely engage with shareholders and staff. Mr Betzel will be responsible for implementing the three year strategic framework for the business growth of the Company, and will draw on his commercialisation experience and extensive global networks. He will also lead an executive management committee, comprising the CEO, Director – Technology and Executive Chairman. In accordance with ASX Listing Rule 3.1, the Directors of Dyesol Limited provide the following disclosures in respect of the employment agreement entered into with Mr Betzel (Agreement). Mr Betzel, Chief Executive Officer, has entered into an employment agreement with the Company effective from 1 July 2010. The agreement specifies the duties and obligations to be fulfilled by Mr Betzel in his role as Chief Executive Officer of Dyesol Limited. The remuneration payable to Mr Betzel under the Agreement is |
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