ITM POWER PLC — Board/Management Information 2014

Jan 20, 2014

National Storage Mechanism | Additional information

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RNS Number : 9919X

ITM Power PLC

20 January 2014

20 January 2014

ITM Power Plc

("ITM Power" or "the Company")

Appointment of Chief Financial Officer

ITM Power, the energy storage and clean fuel company, announces the appointment of Brian Jackson, 45, as Chief Financial Officer and Company Secretary with immediate effect.  He will be based at the Company's facility and offices in Sheffield.  He succeeds Barry Cunliffe who is leaving to take up an appointment as Group Finance Director with a private engineering group of companies.

A native of Sheffield, Brian is a chartered accountant with extensive experience in industry, most recently as International Finance Director of A4e Limited, a medium sized welfare and training services provider where he held overall responsibility for the performance and strategy of the finance functions of the international subsidiaries.  After qualifying with KPMG, Brian spent two years in the Corporate Finance Department before joining a multi-disciplinary civil engineering, asbestos removal and employment agency group of companies as Company Secretary and Head of Finance.  He subsequently joined AIM listed ATH Resources plc as Group Financial Controller rising to Mining Finance Director, reporting to the Group Finance Director, responsible for all aspects of financial strategy within the mining subsidiary.

Dr Graham Cooley, CEO of ITM Power, said,"I'd like to thank Barry for his hard work and contribution to the company over the last four years.  We have all enjoyed working with him and wish him well in his next appointment.  I am very pleased that we have been able to recruit Brian, whose experience and skill set are a very good match for our business.  On behalf of the team, I welcome him to ITM Power."

For further information please visit www.itm-power.com or contact:

ITM Power plc Graham Cooley, CEO	0114 244 5111
Zeus Capital Tim Metcalfe (Nominated Adviser) John Goold (Institutional Sales)	020 7533 7727
Tavistock Communications Simon Hudson / James Collins	020 7920 3150

About ITM Power plc:

ITM Power plc was admitted to the AIM market of the London Stock Exchange in 2004 and raised its initial funding of £10m gross in its IPO.  Further funding rounds of £28.5m in 2006, £5.4m in 2012 and £2m in 2013 have been completed.  The Company has now made the transition from a research and development company to a product manufacturer and technology provider.  The Company has both a strong base of intellectual property and engineering expertise for providing complete hydrogen solutions.

www.itm-power.com

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This information is provided by RNS

The company news service from the London Stock Exchange

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