Eden Research PLC has announced the appointment of Derek McAllan as a Non-Executive Director of the Company. McAllan, a Partner at RSM UK, brings over twenty years of experience in audit and client service, particularly in the life science sector. He will assume the role of Chairman of the Audit Committee following the 2024 Annual General Meeting. The current Chairman, Robin Cridland, will continue as a Non-Executive Director to facilitate a smooth transition.
Sean Smith, Chief Executive Officer of Eden Research, expressed the company's pleasure in welcoming McAllan and acknowledged Cridland's significant contributions. Smith highlighted McAllan's extensive experience and the value he is expected to bring to the company. McAllan's appointment does not involve any further disclosures under the AIM Rules, and he does not hold an interest in the company's share capital.
Eden Research is a UK-listed company focused on biopesticides for sustainable agriculture, supplying innovative biopesticide products and natural microencapsulation technologies to the global crop protection, animal health, and consumer products industries. The company's products, formulated with terpene active ingredients, have shown promising results in improving crop yields and marketability, with equal or better performance compared to conventional pesticides. Eden currently has three products on the market: Mevalone®, Cedroz™, and Ecovelex.
Mevalone® is a foliar biofungicide targeting a key disease affecting grapes and other high-value fruit and vegetable crops. Cedroz™ is a bionematicide that targets free living nematodes, while Ecovelex is a seed treatment product developed to tackle crop destruction caused by birds. Eden's Sustaine® encapsulation technology, used in Ecovelex, is a plastic-free, biodegradable micro-sphere system derived from yeast, offering a viable solution to the microplastics problem in formulations requiring encapsulation.
Eden Research, which was admitted to trading on AIM in 2012, has been awarded the London Stock Exchange Green Economy Mark, recognizing its focus on sustainable solutions. The company's continuous efforts in developing and supplying sustainable biopesticide products and microencapsulation technologies demonstrate its commitment to addressing challenges in the global agriculture and consumer products industries.