Humphrey joins IP board
CRODA chief executive Mike Humphrey has joined the board of research commercialisation firm IP Group.
Mr Humphrey has been in charge at Goole-based chemical firm Croda since 1999 and has overseen an eightfold rise in pre-tax profits.
He said: “I am pleased to be joining the board of IP Group. I am a strong believer in investing in innovation and IP Group has created a valuable portfolio of holdings in some of the UK’s most exciting new companies.
“I genuinely think IP Group is a really interesting company with a terrific future.”
IP Group’s portfolio includes a interests in a string of Yorkshire companies including Tissue Regenix and Tracsis.
Alan Aubrey, chief executive of IP Group, said: “I am delighted to welcome Mike to the board. It is testament not only to the group’s achievements to date but also to its future potential that we were able to attract such a high calibre individual as Mike.
“He has an impressive track record of building businesses and of creating value for shareholders and is one of the most highly regarded executives in the FTSE 250. We are proud that Mike has chosen IP Group as his first non-executive role and we are all looking forward to working with him.
