Meraki Talent is delighted to be engaged on an exclusive basis to support redT energy plc in the recruitment of a Group Financial Controller.
redT specialise in energy storage systems that deliver cheap, sustainable energy infrastructure with attractive economic returns for our customers. We do this using a range of technologies; our own vanadium redox flow machines, lithium batteries, or a combination of both in a hybrid system.
The redT business started as a research project in 2000 looking at refuelling vehicles using vanadium electrolyte. The group of companies, which included redT, listed on the London Stock Exchange (LSE) in 2006. As redT evolved its focus moved to the larger, stationary energy storage market. In 2015, it was the first in the world to deploy a contract-manufactured, containerised, vanadium redox flow machine. redT has machines operating in the UK, Africa, Australia, Asia and Europe. Offices are in Scotland, London and South Africa.
On 25 July 2019, the redT energy plc announced it had agreed to outline terms, via a non-binding Memorandum of Understanding, for a proposed merger with Avalon Battery Corporation ("Avalon"). To drive the growth and development of the enlarged Group, provide working capital and take advantage of the substantial opportunity presented by the merger, the enlarged Group intends to raise at least £24m of new funds as part of the merger. redT and Avalon have received substantial preliminary support for this fundraising from a strong, new strategic investor, Bushveld, that intends to make a cornerstone investment in the merged business, as well as from existing institutional investors in redT and both existing and certain proposed new investors in Avalon. The merger and the fundraising are inter-conditional and expect to complete at the same time in Q1 of 2020.
On joining the finance function, it will comprise the following.
Chief Financial Officer
Senior Project Manager, Finance
Group Financial Controller
Purchase Ledger Clerk*
*Reports into the Group Financial Controller
Additional finance staff, based in Vancouver, Canada, will be part of the merged business.
The existing Financial Controller is moving into a project role under the role of senior project manager, finance, which will include leading the financial integration of the merger business and implementation of a new/upgraded financial system.
Position: Group Financial Controller
Reporting to: Chief Financial Officer
Based at: Finance, other than the CFO, is currently based at Unit 5, Alderstone Business Park, MacMillan Road, Livingston, West Lothian, EH54 7DF. Manufacturing, R&D and support functions including finance currently based in Scotland will move to a new location in Livingston after the merger has occurred.
Summary of Role
The prime tasks of the Group Financial Controller are as follows in relation to the UK and South African operations, unless otherwise specified.
Competitive salary and benefits package
This is a pivotal role to the future growth and development of the organisation as it embarks on a very exciting chapter in its history.
Please note that all third party applications sent to redT energy will be forwarded to our advisor, Ivan McGeorge, at Meraki Talent for review.
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