Technical innovation and
commercial acumen

Bac2 was formed in 2002 by Dr. Graham Murray to develop commercial-scale electrically conductive polymer composites based on novel thermoset catalyst technology. His extensive experience of phenolic resin and catalyst technology now lead the Company’s focus on Latent acid catalysts for improved thermoset process control in industry. Mike Stannard joined as CEO in 2005 to expand Bac2’s commercial activities in the fuel cell market and electronics industries. Bac2 is privately held and is based in Romsey near Southampton on the south coast of England.

The executive team

Mike Stannard, CEO
Mike is an electronics engineer and entrepreneur with a track record of success in growing businesses. He co-owned and managed a specialist construction company for 7 years. Following this, he was responsible for launching the University of Southampton spin out, Offshore Hydrocarbon Mapping (OHM), a company he saw through two funding rounds to a £48 million AIM flotation. He is a major investor in Bac2. Mike holds a Masters Degree in Electronic Engineering from Southampton.

Dr. Graham Murray, Founder and CTO
Graham has 26 years experience working in manufacturing industry in technical and management roles, supporting the European business of a large polymer company. His PhD was obtained researching the novel catalyst chemistry at the heart of ElectroPhen and much of his time in industry was spent developing products based on the polymer and catalyst technology. In 2002 Graham formed Bac2 with the aim of exploiting ElectroPhen's novel polymer properties in new industrial markets. He has subsequently developed the CSR latent acid catalyst technology that the Company now promotes.


Dr. Ashok Vaidya, Non-Executive Director
Dr. Vaidya is a Chartered Physicist with a PhD in superconductivity and has an MBA from Henley Management College. He brings both commercial and technical expertise to the Bac2 board, following more than 25 years in industry. Dr. Vaidya has commercialised new technology and managed high growth technology businesses during that time. His career includes executive positions with EMI Central Research Laboratories and Thorn EMI New BusinessVentures and as founder and director of Scipher plc.

ImageMichael Burrow, Non-Executive Director
Michael is a former investment banker with 25 years’ experience in corporate finance, specializing in M&A, IPOs, equity issues and other capital markets transactions. Most recently, he was managing director at Lehman Brothers in London with overall responsibility for the bank’s strategic relationships with clients.  His education includes a BSc in civil engineering from Southampton University, an MS in structural engineering from Northwester University in Chicago and an MBA from London Business School.

ImageDavid Stirling, Non-Executive Director
David brings significant industrial experience to the board of Bac2, particularly in international business development. He is Chief Executive Officer of London Stock Exchange Listed specialty plastics company, Zotefoams plc, and non-executive director of MuCell Extrusion LLC, a technology-licensing business based in Massachusetts, USA. Stirling is a Chartered Accountant with a BSc in Mathematics and Statistics, an MSc in Finance and an MBA.