AFC Energy Plc Directorate Change (5081V)
April 15 2021 - 01:00AM
UK Regulatory
TIDMAFC
RNS Number : 5081V
AFC Energy Plc
15 April 2021
The information communicated within this announcement is deemed
to constitute inside information as stipulated under the Market
Abuse Regulations (EU) No. 596/2014. Upon the publication of this
announcement, this inside information is now considered to be in
the public domain.
15 April 2021
AFC Energy PLC
("AFC Energy" or the "Company")
Appointment of new Chair
AFC Energy (AIM: AFC), a leading provider of hydrogen power
generation technologies, is pleased to announce the appointment of
Gary Bullard as its non-Executive Chair with immediate effect. He
succeeds John Rennocks who retired from the Board after the
company's Annual General Meeting (AGM) on 14 April after four years
as Chair.
Mr Bullard is an experienced Chairman, non-executive director
and executive with a successful international career in the
Industrial and Information Technology industries. His Board level
experience includes working with companies in the scale up of
high-volume manufacturing and supporting high value, high growth
businesses in the commercialisation of technology across a range of
sectors.
He has particular expertise in understanding the opportunities
for companies to expand their market reach through geographic
expansion; expanding their value chain; digital transformation and
innovation; increasing services or annuity revenues; partnering and
expanding their routes to market. He will draw upon his
considerable experience on the Boards of UK companies who have
specialist offerings with a global marketplace and growth
aspirations.
Mr Bullard brings strong business and governance experience to
the role. Gary has held several senior management positions in
major corporates such as IBM and BT. Until 2012 he was President at
Logica UK and a member of the Executive Committee of Logica plc. He
has a wealth of AIM & Main Market experience and is currently
Chairman of Gooch & Housego plc as well as being a
Non-Executive Director of Spirent Communications plc.
Commenting on his appointment, Gary Bullard, Non-Executive Chair
at AFC Energy, said:
"I am hugely excited to have the opportunity to chair a growing
business that will play a pivotal role in decarbonising industry to
reduce the effect of climate change.
I believe that my commercial experience will be of significant
benefit to AFC Energy as it scales up its operations to meet
growing demand and I look forward to working with Adam and the
senior Executive team to make this happen."
Adam Bond, Chief Executive Officer at AFC Energy, added:
"Following a thorough selection process, we are delighted to
have found a chairman in Gary with such extensive experience and
enthusiasm for the business.
Our key priority is to put in place the required distribution
channels, manufacturing and staffing to drive our commercial sales
with significant annuity revenue and Gary's commercial acumen will
be invaluable during this phase of the company's development."
Pursuant to Schedule 2 (g) of the AIM Rules for Companies the
following is disclosed in relation to Gary Bullard.
Gary Bruce Bullard, aged 64, is currently a director of Gooch
& Housego plc, Spirent Communications plc, Recycling
Technologies Ltd and New Model Identity Ltd.
In the previous five years, he held Directorships in Rotork plc
and Catquin Ltd.
Gary does not currently hold any shares in, or options over
shares in, the capital of the Company.
Save as set out above, there is no further information required
to be disclosed pursuant to Schedule 2 paragraph (g) of the AIM
Rules for Companies.
-ENDS-
For further information, please contact:
AFC ENERGY AND ADVISORS
AFC Energy plc
Adam Bond (Chief Executive Officer) +44 (0) 14 8327 6726
Iain Thomson (Head of Communications and investors@afcenergy.com
Stakeholder Management)
WH Ireland - Nominated Adviser and Joint
Broker
M ike Coe (Corporate Finance)
Jasper Berry (Corporate Broking) +44 (0) 117 945 3470
-----------------------------
M C Peat & Co LLP - Joint Broker
Charlie Peat +44 (0) 20 7104 2334
-----------------------------
Zeus Capital Limited - Joint Broker
Daniel Harris (Corporate Finance)
John Goold/Dominic King (Corporate Broking) +44 (0) 203 829 5000
-----------------------------
FTI Consulting - PR Advisors +44 (0) 203 727 1000
Sara Powell / Ben Brewerton afcenergy@fticonsulting.com
-----------------------------
About AFC Energy plc
AFC Energy plc is commercialising a scalable alkaline fuel cell
system, to provide clean electricity for on and off grid
applications. The technology, pioneered over the past twelve years
in the UK, is now deployable in electric vehicle chargers, off-grid
decentralised power systems and industrial gas plants as part of a
portfolio approach to the decarbonisation of local electricity
needs. (afcenergy.com)
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 or visit 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.
END
BOADKQBBABKDDQD
(END) Dow Jones Newswires
April 15, 2021 02:00 ET (06:00 GMT)
Afc Energy (LSE:AFC)
Historical Stock Chart
From Feb 2024 to Mar 2024
Afc Energy (LSE:AFC)
Historical Stock Chart
From Mar 2023 to Mar 2024