Glasgow Chemistry Firm DeepMatter hires chair, CFO

Karen Bach

Glasgow-based DeepMatter Group plc, the AIM-listed company focusing on digitizing chemistry, has announced two major appointments to its board, effective November 1.

Karen Bach will join as non-executive chair and Fraser Benson will join as chief financial officer.

Bach intends to subscribe for 500,000 new ordinary shares in the company at a price of 2.5p per share, prior to her starting date.

Benson succeeds Lauren Lees, who stood down from DeepMatter’s board effective from October 19. 

“Karen Bach brings significant public and private technology expertise, particularly focused on helping young technology businesses deliver on their growth potential, with an understanding of the life sciences through her non-executive directorship at Datapharm Ltd,” said DeepMatter.

“This is coupled with a strong financial background, having held the CFO role at growing technology businesses; IXEurope Plc, ACS Plc and Kewill Plc; and with blue chip multi-nationals including EDS France, MCI WorldCom, General Motors and Ernst & Young.

“Karen is currently chair of Amino Technologies Plc and Consult Red Ltd and non-executive director of Escape Hunt Plc.

“As well as advising businesses, Karen is a member of the 30% Club, which supports boards to appoint more female directors and increase the pipeline of upcoming female talent at board and senior management levels.”

DeepMatter said new CFO Fraser Benson has 17 years of accounting experience and significant exposure to fast-growing software businesses having worked at Tradeweb Inc., a NASDAQ listed electronic fixed income and derivatives trading platform, for eight years, latterly as finance director, Europe and Asia.

Benson’s previous experience includes working with a range of organisations from FTSE 100 companies through to venture capital backed businesses across multiple sectors.

DeepMatter CEO Mark Warne said: “Karen’s wealth of experience in working with growth companies, as well as her enthusiasm in the technology sector, resonates with our long-term strategic goal to digitise chemistry while Fraser’s experience of working in fast growth businesses means that he has skills and knowledge to share with DeepMatter.

“We look forward to working with Karen and Fraser as we scale up the business and enter new territories.”