Woodbois Ltd - Guernsey-registered, Africa-focused timber technology firm - Names Lucas Kanme as chief executive officer, with immediate effect. Kanme previously held senior positions with Canadian firms, focusing on the small-cap market, and executive roles in the private equity and IT sales industry.

The appointment comes after the resignation of CEO & Executive Chair Guido Theuns and Chief Financial Officer Johannes Bloemen at the end of December, which followed a November report that two unnamed major shareholders declined the company’s offer to participate in equity raising. The company does not confirm a link between the declined offer and executive resignations.

Current stock price: 0.17 pence

12-month change: down 80%

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