ITM Power PLC Directorate Change (9083R)

TIDMITM

RNS Number : 9083R

ITM Power PLC

01 November 2019

1 November 2019

ITM Power plc

("ITM Power" or "the Company")

Appointment of Juergen Nowicki as Non-executive Director

ITM Power (AIM: ITM), the energy storage and clean fuel company, is pleased to announce the appointment of Juergen Nowicki, currently Senior Vice President Commercial & CFO of Linde Engineering, as a Non-executive director of ITM Power with effect from 1 November 2019.

Juergen leads Commercial activities at Linde Engineering for Linde plc. He joined Linde in 1991 as Internal Auditor and subsequently held different positions in Finance & Controlling. In 2002, he was appointed CFO Linde Gas North America, USA, and was named Head of Finance & Control for The Linde Group in 2006. He assumed his role as Managing Director Linde Engineering in 2011 and was appointed Speaker of the Board of Linde Engineering in 2015.

Prior to joining Linde, he served as Organization & Application Advisor for Delta Systemtechnik, Germany. Juergen holds a master's degree in Industrial Engineering from the Technical University of Karlsruhe, Germany.

Juergen Nowicki commented "I am delighted to be joining the Board as a Non-executive Director following the Linde Engineering acquisition of a 20% stake in ITM Power. Together with the newly established joint venture with Linde, ITM Power will continue to play a leading role in green hydrogen."

Sir Roger Bone, Chairman of ITM Power said: "On behalf of the ITM Power Board, I welcome Juergen as a non-executive director whose financial, strategic and technical experience will add significant value to the business. Juergen's appointment strengthens the communication between ITM Power and our largest shareholder Linde Engineering and we all look forward to developing a very close working relationship in the coming years."

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

 
 ITM Power plc                            (0)114 244 5111 
 Nicola Ham-Edmonds, Company Secretary 
 
 Investec Bank plc (Nominated Adviser 
  and Broker)                             (0)20 7597 5970 
 Jeremy Ellis / Chris Sim 
 
 Tavistock (Financial PR and IR)          (0)20 7920 3150 
 Simon Hudson / Edward Lee / Barney 
  Hayward

Further regulatory disclosures

Other than as disclosed below, there are no further disclosures to be made in accordance with AIM Rule 17 and paragraph (g) of Schedule Two of the AIM Rules for Companies:

Name: Juergen Nowicki

Juergen Nowicki is, or has during the last five years been, a director or partner of the following companies and partnerships:

 
 Current 
 Prokurist        Commercium Immobilien- und Beteiligungs-GmbH 
                  Hangzhou Linde International Trading Co., 
 Chairman          Ltd. 
 Director         Linde (Australia) Pty. Ltd. 
 Prokurist        Linde Aktiengesellschaft 
 Vice Chairman    Linde Engineering (Dalian) Co. Ltd. 
 Chairman         Linde Engineering (Hangzhou) Co. Ltd. 
 Director         Linde Engineering Korea Ltd. 
 Chairman         Linde Engineering North America Inc. 
 Director         Linde Engineering US LLC 
 Vice President   Linde Engineering US LLC 
 Mitglied         Linde Kryotechnik AG 
 Consejero        LPM, S.A. de C.V. 
 
 
 Former 
 Prokurist                   Linde Aktiengesellschaft          2012-2019 
 Geschäftsführer   Cunduacan Invest GmbH             2010-2014 
 Mitglied                    Selas-Linde GmbH                  2012-2015 
 Mitglied                    Linde Engineering Dresden GmbH    2012-2014 
 Vorsitzender                Linde Engineering Dresden GmbH    2014-2015 
 Director                    Linde Engineering North America   2012-2014 
                              Inc. 
 Mitglied                    Linde Kryotechnik AG              2012-2015 
 Director                    LINDE CRYOPLANTS LIMITED          2012-2015 
 Director                    Linde Engineering India Private   2012-2016 
                              Limited 
 Chairman                    Linde Engineering South Africa    2014-2016 
                              (Pty) Ltd. 
 Director                    Linde Arabian Contracting Co.,    2012-2014 
                              Ltd. 
 Chairman                    Linde Arabian Contracting Co.,    2014-2016 
                              Ltd. 
 Director                    Linde Engineering (Hangzhou)      2013-2015 
                              Co. Ltd. 
 Director                    Linde Engineering (Dalian) Co.    2013-2015 
                              Ltd. 
 Member                      Linde Engineering Middle East     2013-2016 
                              LLC 
 Director                    Hangzhou Linde International      2014-2015 
                              Trading Co., Ltd. 
 Director                    LINDE SAUDI ARABIA LLC            2014-2017 
 Chairman                    Linde Process Plants, Inc.        2015-2016 
 Director                    Linde Process Plants, Inc.        2012-2016 
 Director                    CRYO Aktiebolag                   2012-2015 
 Chairman                    CRYO Aktiebolag                   2015-2016

About ITM Power plc:

ITM Power plc manufactures integrated hydrogen energy solutions for grid balancing, energy storage and the production of green hydrogen for transport, renewable heat and chemicals. ITM Power plc was admitted to the AIM market of the London Stock Exchange in 2004. In October 2019, the Company announced the completion of a GBP58.8 million fundraise, including a subscription by Linde of GBP38 million, together with the formation of a joint-venture with Linde to focus on delivering green hydrogen to large scale industrial projects worldwide. ITM Power signed a forecourt siting agreement with Shell for hydrogen refuelling stations in September 2015, (which was extended in May 2019 to include buses, trucks, trains and ships) and in January 2018 a deal to deploy a 10MW electrolyser at Shell's Rhineland refinery. ITM Power announced the lease of the world's largest electrolyser factory in Sheffield with a capacity of 1GW (1,000MW) per annum in July 2019. Customers and partners include Sumitomo, Ørsted, National Grid, Cadent, Northern Gas Networks, Gasunie, RWE, Engie, BOC Linde, Toyota, Honda, Hyundai and Anglo American among others.

About Linde

Linde is a leading industrial gases and engineering company with 2018 pro forma sales of USD 28 billion (EUR 24 billion). The company employs approximately 80,000 people globally and serves customers in more than 100 countries worldwide. Linde delivers innovative and sustainable solutions to its customers and creates long-term value for all stakeholders. The company is making our world more productive by providing products, technologies and services that help customers improve their economic and environmental performance in a connected world. For more information about the company, please visit www.linde.com

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