Proton Power Systems PLC Directorate Change (8040N)
July 31 2014 - 2:03AM
UK Regulatory
TIDMPPS
RNS Number : 8040N
Proton Power Systems PLC
31 July 2014
31 July 2014
Proton Power Systems plc
("Proton Power" or the "Company")
Directorate Change
Proton Power Systems plc (AIM: PPS), the designer, developer and
producer of fuel cells and fuel cell electric hybrid systems, is
pleased to announce the appointment of Ian Joseph Peden to the
board of directors as Non-executive Chairman of the Company.
Mr Peden, aged 52, is a Fellow of the Chartered Institute of
Management Accountants and currently serves as a non-executive
director and partner at Team B LLP. Mr Peden has significant public
company and international experience through senior divisional
roles at Chloride Group plc, as finance director for the UK Sales
& Service Division, and Marconi plc, as European Finance
Director in the Access Division.
Mr Peden has over 30 years of industry experience, beginning his
career as a qualified electronic and communications engineer before
also qualifying as a production engineer. Prior to his role at Team
B LLP, Mr Peden held the position of CFO at Trilogy Communications
Holdings Ltd, a global communications provider.
Commenting on the appointment, Dr Faiz Nahab, CEO, said:
"I am delighted that Ian has agreed to become Chairman of Proton
Power. His experience with Chloride and other UK public companies
will be incredibly valuable as we continue to develop the
business."
- Ends -
For further information:
Proton Power Systems plc
Dr Faiz Nahab, CEO
Achim Loecher, FD Tel: +49 (0) 89 127
626 550
www.protonpowersystems.com
Westhouse Securities Limited
Nominated adviser and broker Tel: +44 (0) 20 7601
6100
Antonio Bossi www.westhousesecurities.com
About Proton Motor Fuel Cell GmbH
Proton Motor is an expert in industrial fuel cells, fuel cell
and hybrid systems with more than 17 years of experience in this
sector. Based in Puchheim near Munich, Proton Motor offers complete
fuel cell and hybrid systems from a single source - from the
development and production through the implementation of customized
solutions. The focus of Proton Motor is on back-to-base, for
example, for mobile, marine and stationary solutions applications.
The product portfolio consists of base-fuel cell systems, standard
complete systems, as well as customized systems.
Proton Motor acquired SPower GmbH in 2013. Established in 2007,
SPower serves IT, Telecoms, public infrastructure and healthcare
customers in Germany, Europe and Middle East with power supply
solutions for DC and AC power demand. In addition to power supply,
SPower also offers solutions for Solar Systems as well as a new
product line for Solar Energy Storage.
Proton Motor Fuel Cells GmbH is wholly owned subsidiary of
Proton Power Systems plc. The Company has been listed on the London
Stock Exchange since October 2006 (code: PPS).
Additional information on Ian Peden:
The table below sets out Mr Peden's current directorships and
partnerships and those held by Mr Peden in the last five years:
Current Directorships / Partnerships Former Directorships
------------------------------------- --------------------------------
IJP Business and Finance Services Trilogy Communications Limited
Limited
------------------------------------- --------------------------------
Team B Limited Trilogy Communications Holdings
Limited
------------------------------------- --------------------------------
Team B Partners LLP
------------------------------------- --------------------------------
Mr Peden does not hold an interest in any shares in the
Company.
Save as disclosed above, there are no other details to be
disclosed regarding Mr Peden's appointment under AIM Rule 17 and
paragraph (g) of Schedule 2 of the AIM Rules.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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