Nemoptic appoints CFO

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Nemoptic appointed Philippe Méchanick as chief financial officer.

Méchanick, 49, will be responsible for reinforcing Nemoptic's financial structure, now that the start-up has transformed into a fast growing international manufacturing company. His priorities will be to increase the competitive cost advantage of Nemoptic's e-paper displays and optimise the international financial management of its production and sales across Asia, as well as sales in North America and Europe.

Jacques Noels, CEO at Nemoptic, said: ‘Philippe's appointment has come at a critical moment and his executive skills will be a real asset, as we enter a new growth phase. Our numbers are up in the volume production of our BiNem e-paper displays and his timely arrival will ensure that our financial operations and resources will be in place to support our development worldwide.’

Méchanick joins Nemoptic from start-up PolySpace Technologies, where he was the financial director for more than three years. There, he played a key role for PolySpace in the negotiations leading to its sale to The MathWorks, a company developing and marketing MatLab and Simulink.