Quantum Blockchain Technologies PLC (AIM:QBT) has announced the appointment of Peter Fuhrman as a non-executive director with immediate effect, and said trading in the company’s shares will resume today.
The company noted that Fuhrman has extensive experience in high-technology, semiconductors, finance and investment industries. Currently, he is chairman and chief executive of China First Capital which advises on and invests in the technology sector with expertise, inter alia, in China’s semiconductor industry, advanced manufacturing, robotics, precision automation, nano-positioning and photonics.
In a statement, Francesco Gardin, CEO and executive chairman of Quantum Blockchain commented: “I have known Peter for some time, and I have always been impressed by his views on technology and its economic impact. I believe that Peter’s appointment to the Board will have a strong positive impact, not only because of his experience, but also due to his vast network that he has developed in over 30 years of international business in the US, Europe and China.”
Fuhrman is also a strategic adviser on advanced technologies and market expansion to the board and chairman of one of China’s largest listed high-technology manufacturing companies and to one of Germany’s largest semiconductor technology companies. He was previously CEO of Los Angeles based Awareness Technologies, a cloud-based enterprise security software company (which he successfully sold in 2008) and Head of Europe for the publisher, Forbes Inc.
Fuhrman graduated summa cum laude with a bachelor’s degree in Chinese History from Tufts University in 1980, and with a master’s degree in International Relations from Cambridge University in 1985. He did postgraduate studies at Nanjing University and as a Yale-in-China Fellow at the Chinese University of Hong Kong.
In addition to the appointment of Fuhrman, the company said it has committed to appoint a further non-executive director to its board within the next three months. Further announcements regarding such appointment will be made in due course, it added.
Following the appointment of Fuhrman, trading in the company’s AIM-listed securities will resume with effect from 7.30am on September 12, 2022.
Quantum Blockchain ordinary shares were suspended in August as a result of the company having only one director (Francesco Gardin) and therefore being unable to comply with Companies Act requirement to have at least two directors.