Clean Air Power Limited Directorate Change (4037C)
March 17 2014 - 3:01AM
UK Regulatory
TIDMCAP
RNS Number : 4037C
Clean Air Power Limited
17 March 2014
17 March 2014
Clean Air Power Limited
("Clean Air Power" or the "Company")
Board changes
Clean Air Power (AIM:CAP), the developer and global leader in
Dual-Fuel engine management systems for heavy duty vehicles, is
pleased to announce that Neill Skinner has been appointed to the
Board as Chief Financial Officer with immediate effect. Neill has
been working with Pete Rowse, the outgoing Finance Director, since
3 March 2014 to ensure a smooth handover. Pete Rowse, whose
intention to resign was announced on 8 January 2014, steps down as
director of the Company with immediate effect.
Neill spent his early career in "Big 4" firms, working in Audit
and then Lead Advisory, before moving on to hold senior finance
roles in British Nuclear Fuels plc and, more recently, strategy and
corporate development roles at Speedy Hire plc. Neill has worked in
the UK, US, Middle East and Central Asia.
John Pettitt, Chief Executive of Clean Air Power said:
"I am delighted to welcome Neill to the board and feel his
international experience and background of developing commercial
partnerships will be valuable to for the future growth of Clean Air
Power. I would like to thank Pete for his considerable contribution
over the last eight years and wish him well with his new
opportunity."
Rodney Westhead, Non-executive Chairman
"The Board are very pleased to welcome Neill and feel his
commercial and financial experience is a very good fit for the
company and will contribute to our future growth. We would like to
thank Pete for his work and dedication to the Company over the last
eight years and wish him well with his future career."
The following information is required to be disclosed pursuant
to paragraph (g) of Schedule 2 of the AIM Rules for Companies.
Neill Jonathan Skinner, aged 42, is or has been a director or
partner of the following companies during the previous five
years:
Current Directorships / Partnerships: Directorships / Partnerships
held within the previous five
years:
-------------------------------------- -------------------------------
Board Member of Riverside
ECHG, a division of The Riverside
Group Limited
-------------------------------------- -------------------------------
Mr Skinner currently has no beneficial interest in the share
capital of the Company.
There are no other matters which are required to be announced
with regard to the appointment of Mr Skinner under paragraph (g) of
Schedule 2 of the AIM Rules.
For further information, please contact:
Clean Air Power Tel: +44 (0)1772 624 499
John Pettitt, Chief Executive
Citigate Dewe Rogerson Tel: +44 (0)20 7282 2867
Malcolm Robertson
Chris Gardner
Cantor Fitzgerald Europe Tel: +44 (0)20 7894 7000
David Foreman / Mark Percy (Corporate
Finance) Tel: +44 (0)20 7894 7632
David Banks / Paul Jewell (Corporate
Broking)
Tel: +44 (0)20 3540 1721
Peat & Co
Charlie Peat
Andy Cuthill
Notes to Editors
About Clean Air Power
Clean Air Power is the developer and provider of Dual-Fuel(TM)
combustion technology for heavy duty diesel engines. Dual-Fuel(TM)
engines substantially cut fuel costs and carbon emissions without
sacrificing the original engine's characteristic efficiency or
reliability. Clean Air Power is well positioned to assist
corporations and governments to deliver on their environmental
commitments while at the same time reducing transport operators
overheads.
Initially founded in the USA in 1991, around GBP50m has been
invested in developing the technology with the result that 65
patents are currently held or pending. The holding company of the
Group is based in Bermuda with operational subsidiaries in the UK,
the USA and Australia. The Group was admitted to the AIM market of
the London Stock Exchange in February 2006.
Further information on Clean Air Power is available at
www.cleanairpower.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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