Ceres Power Holdings PLC

Board/Management Information • Jan 7, 2022

National Storage Mechanism | Additional information

RNS Number : 7066X

Ceres Power Holdings plc

07 January 2022

7 January 2022

Ceres Power Holdings plc

Executive Appointments at Ceres

Horsham, UK:  Ceres Power Holdings plc ("Ceres", the "Company") (AIM:CWR), a global leader in fuel cell and electrochemical technology, is pleased to confirm that further to the 21 October 2021 announcement of Eric Lakin's appointment as Chief Financial Officer, Eric will join the Company on Monday, 10 January 2022.

Eric will become a member of the Board of Directors with immediate effect, replacing Richard Preston who will step down from the Board on the same date. Richard will remain with Ceres for sufficient time to ensure a smooth transition of responsibilities. 

Ceres is also pleased to announce the appointment of Deborah Grimason as General Counsel and Company Secretary.  Deborah will join the Company on Monday 17 January 2022. Reporting to the CEO Phil Caldwell, Deborah will join the Executive team and assume overall responsibility for the Legal team as well as Ceres' Corporate Governance requirements working closely with the plc Board.

Previously, Deborah was General Counsel and Company Secretary at V.Group and Travis Perkins plc., before which she held senior legal and company secretarial positions at Lafarge, The BOC Group, Nokia and Royal Mail. 

Phil Caldwell, Chief Executive Officer of Ceres, commented: "We are delighted to welcome Eric and Deborah to the team. Their broad experience from large and growing companies across finance, operations, legal, corporate governance and strategy will be hugely valuable as we pursue the next phase of the Company's business and financial growth."

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For further information visit www.ceres.tech or contact:

Ceres Power Holdings plc Elizabeth Skerritt	Tel: +44(0)7932 023 283
Investec Bank PLC (NOMAD & Joint Broker) Jeremy Ellis/ Patrick Robb/ Ben Griffiths	Tel: +44 (0)207 597 5970
Berenberg (Joint Broker) Ben Wright/ Mark Whitmore	Tel: +44 (0)203 207 7800
Madano (Financial PR) Harry Spencer/ Chloe Sanderson	Tel: +44(0)7808 885 557/ +44(0)7918 708 432

About Ceres Power

Ceres is a world-leading developer of electrochemical technologies: fuel cells for power generation, electrolysis for the creation of green hydrogen and energy storage. Its asset-light, licensing model has seen it establish partnerships with some of the world's largest engineering and technology companies, such as Weichai in China, Bosch in Germany, Miura in Japan, and Doosan in Korea, to develop systems and products that address climate change for power generation, transportation, industry, data centres and everyday living.  Ceres is listed on the AIM market of the London Stock Exchange ("LSE") (AIM: CWR) and is classified by the LSE Green Economy Mark, which recognises listed companies that derive more than 50% of their activity from the green economy.

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