REG - ITM Power PLC - Appointment of new CFO

ITM PowerAnnouncement

12/09/2024 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240912:nRSL8560Da&default-theme=true

RNS Number : 8560D  ITM Power PLC  12 September 2024

12 September 2024

 

ITM Power PLC

 

Appointment of new CFO

 

ITM Power PLC announces that Amy Grey will join the Company as Chief Financial
Officer and is expected to join the Company's Board no later than early March
2025.

 

Amy brings a wealth of experience. She is joining us from Sheffield
Forgemasters, where she has been serving as CFO and previously Finance
Director. Before this, Amy held a range of senior management roles, including
Vice President of Finance for Greenlane Renewables, a global provider of
biogas upgrading systems, UK Finance Director for Heras Perimeter Protection,
a Dutch-headquartered company with a global presence, and Finance and
Commercial Director at Kelda Group.

 

Amy will take over from Andy Allen, who will step down from the Board on the
same date. Andy will support Amy in making a smooth transition and assume a
different role within the Company.

 

Dennis Schulz, CEO of ITM, said:

 

"I am delighted to welcome Amy to ITM as our CFO, following an extensive
search to secure such a high-calibre appointee. She will be an excellent
addition to the leadership team, and we look forward to working with Amy on
the exciting growth ahead of us. Today, ITM is more capable than the Company
has ever been. I want to thank Andy for his significant contributions to
getting ITM to this point and for supporting me closely in the transformation
of the business during our recent 12-month plan. I am pleased that we can
retain Andy in the business."

 

Disclosures required by Schedule Two, paragraph (g) of the AIM Rules for
Companies

 

Amy Elizabeth Grey, who is 47 years old, is or has been a director of the
following companies during the past five years:

 

 Current Directorships / Partnerships          Former Directorships / Partnerships (within the last 5 years)
 Sheffield Forgemasters International Limited  Heras Pension Schemes Trustee Limited
 Sheffield Forgemasters Engineering Limited    Heras Perimeter Protection Limited

 

As at the date of this announcement, Amy Grey does not hold any ordinary
shares in the capital of the Company.

 

There are no further disclosures required pursuant to Schedule Two, paragraph
(g) of the AIM Rules for Companies in respect of Amy Grey's appointment to the
Board.

 

For further information, please visit www.itm-power.com
(http://www.itm-power.com/)  or contact:

 

 ITM Power PLC
 Justin Scarborough, Head of Investor Relations    +44 (0)114 551 1080

 Investec Bank plc (Nominated Adviser and Broker)  +44 (0)20 7597 5970
 James Rudd / Chris Sim / Ben Griffiths

 

About ITM Power PLC:

ITM Power was founded in 2000 and ITM Power PLC was admitted to the AIM market
of the London

Stock Exchange in 2004. Headquartered in Sheffield, England, ITM Power designs
and manufactures

electrolysers based on proton exchange membrane (PEM) technology to produce
green hydrogen, the only net zero energy gas, using renewable electricity and
water.

 

-ends-

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  BOAKFLFFZKLBBBV