CAP-XX chief financial officer to retire

Supercapacitors manufacturer CAP-XX revealed on Tuesday that chief financial officer Mike Taylor had decided to retire from the role and will be leaving the group on 15 March.

CAP-XX said Taylor's responsibilities will be assumed by Ruvina Dissanayake, who joined the company as financial controller on Monday.

The AIM-listed group added that Taylor's duties as company secretary will be assumed by a consultant to the group, which the board believes" better suits the size of the company and the requirements of the role".

Chief executive Lars Stegmann said: "The board would like to thank Mike for his many years of service to the company. We wish him an enjoyable retirement. We are delighted that Ruvina has joined the CAP-XX team and I look forward to working with her as she gets to know the CAP-XX business".

As of 1235 GMT, CAP-XX shares were down 4.71% at 0.40p.

Reporting by Iain Gilbert at Sharecast.com