Vikrant Pratap will lead the implementation of the Group’s strategy in leather processing as Global Director of Leather Technologies.

Following a successful early career with Lehman Brothers and McKinsey in New York and London, Pratap worked with Coller Capital, a leading global investor in, and acquirer of, private equity portfolios.

Most recently he has been advising start-up and global scale companies on business development and growth.

“With his significant expertise in developing both start-ups and global businesses, Pratap will drive forward our strategy of progressing quickly from field trials to commercialisation in this hugely exciting industry”, said Mark Nichols, Chief Executive, Xeros.

Xeros has developed a patented polymer bead based process to significantly reduce water and chemical consumption and is currently working with Lanxess in a multi-phase joint development programme to trial the technology within a leading tannery.

In November 2015, the UK based high-tech washing machine maker announced it had raised another US$60 million to fund expansion plans, which include exploring the use of its polymer bead technologies across a number of industrial and domestic markets, including leather, that face the challenges of water scarcity, environmental concerns and the cost of energy. Read more here.