ITM Power PLC Appointment of new MD to German subsidiary (1280J)
September 07 2016 - 1:00AM
UK Regulatory
TIDMITM
RNS Number : 1280J
ITM Power PLC
07 September 2016
7 September 2016
ITM Power plc
("ITM Power" or "the Company")
ITM Power appoints new Managing Director in key German
market
ITM Power (AIM: ITM), the energy storage and clean fuel company,
is pleased to announce that it has appointed Calum McConnell to the
post of Managing Director (Geschäftsführer) of the Company's wholly
owned German subsidiary, ITM Power GmbH. Calum, who will take over
in December, replaces Phil Doran who has achieved some great early
successes for ITM Power in the German market. Phil will be
relocating to Scotland where he will continue to provide his
services, working with ITM Power's existing business development
head, Dr Kris Hyde, in this important market.
Calum has been working at US industrial giant Parker Hannifin
for 19 years in a number of business development and product
management roles. His most recent role was as Global Business
Development Manager within the Corporate Global Energy team,
growing business within the renewable market segments of wind,
hydro and ocean wave and tidal power as well as in the battery
energy storage market and the German utilities market.
His appointment comes at a time when the market for energy
storage within Germany is growing quickly and ITM Power is well
placed to gain further traction having deployed three Power-to-Gas
units in Germany to date, as well as having secured an order for a
fourth 1MW unit in March 2016.
Calum joins an international development team that includes Kris
Olsen (Nordic and Scandinavian territories), Steve Jones (USA),
Geoff Budd and Alan Lloyd (USA and Canada) and Lucas Bertrand
(France and Luxembourg), as well as the business development team
in the UK.
Calum McConnell, MD, ITM Power GmbH, commented: "I'm delighted
to be joining ITM Power and taking over from Phil in Germany. Phil
and I have been in regular contact over the last few years and I
admire his and ITM Power's drive and focus. The power-to-gas market
provides a viable solution to a number of challenges faced by the
decentralised energy sector as it grows, and I'm excited to join a
company shaping this future market. As I transition into the new
role, I'm looking forward to supporting the existing projects,
meeting the customers, and growing the Company's business in
Germany."
Dr Graham Cooley, CEO, ITM Power, added: "This is a key
appointment for ITM Power to develop a key market for our products
and we're excited about working with Calum and developing our
business further. I would also like to thank Phil Doran, our
outgoing German MD, for his four years heading up ITM Power GmbH.
Phil has been instrumental in developing our initial business there
and I look forward to continuing to work with him."
ITM Power plc
Graham Cooley, CEO +44 (0)114 244 5111
Zeus Capital
Andrew Jones / Jonathan Sharp / Hugh Kingsmill Moore /
Alex Davies +44 (0)20 3829 5000
Tavistock
Simon Hudson / James Collins +44 (0)20 7920 3150
About ITM Power
ITM Power manufactures integrated hydrogen energy solutions
which are rapid response and high pressure that meet the
requirements for grid balancing and energy storage services, and
for the production of clean fuel for transport, renewable heat and
chemicals. ITM Power plc was admitted to the AIM market of the
London Stock Exchange in 2004. The Company received GBP4.9m as a
strategic investment from JCB in March 2015. The Company signed a
forecourt siting agreement with Shell in September 2015. The Group
currently has GBP15.61m of projects under contract and a further
GBP2.00m of contracts in the final stages of negotiation, totaling
GBP17.61m, subject to exchange rate variation. ITM Power is a
founder member of the Social Stock Exchange.
www.itm-power.com
-ends-
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCQQLFBQKFLBBE
(END) Dow Jones Newswires
September 07, 2016 02:00 ET (06:00 GMT)