b'52 Mercia Asset Management PLC Annual Report & Accounts 2022Board of DirectorsRight skills, right experience, right peopleDr Mark Payton Martin Glanfield Julian Viggars Ian MetcalfeChief Executive Officer Chief Financial Officer Chief Investment Officer Non-executive ChairDate of appointment Date of appointment Date of appointment Date of appointmentDecember 2014 December 2014 April 2018 December 2014Experience Experience Experience ExperienceMark has extensive investment andMartin has significant public marketsJulian joined Mercia through the 2016Ian is a qualified solicitor who retired scale-up experience. Since co-foundingand business experience. He is aacquisition of Enterprise Venturesas managing partner of international Mercia, he has led the sales of HybridKPMGqualified chartered accountantGroup Ltd, which he joined in 2004 andlaw firm Wragge & Co in 2014 after Systems Ltd (to Myotec) to createwith more than 20 years experiencewas head of technology investments ateight years in post. Prior to managing PsiOxus Therapeutics Ltd, Warwickas chief financial officer of listed,the time of its acquisition. He has overthe business, Ian was a corporate Effect Polymers Ltd (to Polytherics Ltd)private equity-backed and privately20 years of venture capital experience,partner at the firm for 14 years, acting to create Abzena plc, Oxford Geneticsowned technology-led businesses.including the successful listings offor a number of substantial public and Ltd (sold to WuXi AppTec) and ledMartin joined the main market listedcompanies such as Blue Prism Groupprivate companies and private equity the founding investment in AllineaForward Group PLC in 1993 and wasplc and OptiBiotix Health plc. Throughhouses on a wide range of transactions. Software Ltd (sold to ARM). Prior toGroup financial director from 1995the subsequent sell-down of its holdingIan is currently a director and chair of Mercia, Mark played a leading roleuntil its sale, for 129.0million, in 1997.in Blue Prism, Mercias RisingStarsCommonwealth Games England, a within Oxford University InnovationIn 1999, as deputy chief executive ofGrowth Fund realised 95.0million,director of the Board of the Organising (OUI), the technology transferSymonds plc, Martin led the public105x the cost of its investment. JulianCommittee of the Birmingham operation of the University of Oxford,to private of this main market-listedleads the equity investment team2022 Commonwealth Games and spinning out BioAnalab Ltd (sold totechnology group, backed by NatWestas well as managing the pipeline ofthe Host City representative on the Millipore), Oxford Immunotec LtdEquity Partners. Mercias direct investments. Commonwealth Games Federation (listed on NASDAQ), Oxitec Ltd (soldThe group was successfullyAlongside his wide experience ofExecutive Board. to Intrexon) and Natural Motion Ltdrestructured and sold within 12 monthsinvesting across many sectors, He is also a non-executive director (sold to Zynga). Following his timeto a NASDAQ-listed US electronicsJulian is Fund Manager for NPIF, theof the global waste management at OUI, Mark was the vice presidentgroup, whereupon he became a viceRisingStars Growth Funds and thegroup TRRG Holdings Ltd and until of corporate development at Oxxonpresident, working frequently inFinance Yorkshire Seedcorn Fund.February 2022 was a non-executive Therapeutics Inc, prior to its sale toSilicon Valley. He was chief executiveJulian played a leading role in securingdirector of the previously AIM listed Oxford BioMedica plc.of the private equity business Forwardthe managed funds contracts awardedArena Events Group. Ian has an MA in Mark gained his PhD jointly betweenGroup plc from 2003 to 2005 and sinceby the BBB and North East Fund Ltdlaw from Cambridge University. He the University of Oxford and thethen has been group finance and ITand has been Mercias Chief Investmentbecame Mercias Non-executive Chair University of London (Kings College).director of the large international foodOfficer since April 2018. Julian has aon 2 July 2019.Mark also has an MBA from theprocessing group Boparan Holdingsgeology with chemistry degree fromIan has over 25 years experience University of Warwick, is a SainsburyLtd and a private equity-backedthe University of Southampton andadvising businesses of all types and Management Fellow for Life Sciencesbuilding services business. Martin hasqualified as a chartered accountantsizes on their growth activities, as and was awarded the 2015 EYan honours degree in business fromwith accountants Smith & Williamson.well as deep corporate governance Entrepreneur of the Year (regionalAston University.experience, both as a legal adviser and national).to listed businesses and as a current and previous non-executive board External appointments External appointments External appointments member of leading sports and other None None None multinational organisations.Board diversity Board diversityTenure Gender0-2 years MaleMembers1 Members63-5 yearsFemale Members3 Members26-10 years Members4'