AFC.L

AFC Energy Plc
AFC Energy Plc - Directorate Change
23rd July 2024, 06:00
TwitterFacebookLinkedIn
To continue viewing RNS, please confirm that you are a Private Investor*

* A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:

  1. Obtains access to the information in a personal capacity;
  2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
  3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
  4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
  5. Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
  6. Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
RNS Number : 3691X
AFC Energy Plc
23 July 2024
 

HE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER ARTICLE 7 OF THE EU REGULATION 596/2014 AS IT FORMS PART OF THE UK LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("MAR"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.

 

 

23 July 2024

 

AFC Energy PLC

("AFC Energy" or the "Company")

 

Directorate Change  

 

AFC Energy (AIM:AFC), a leading provider of hydrogen power generation technologies, announces that Adam Bond advised the Board on 22 July 2024 of his decision to step down from his role as CEO in order to return to Australia and his family after 10 years in the UK with the Company.

 

Adam is committed to supporting an orderly transition over the coming months, and the Company will immediately commission an external search firm to identify a successor with proven capability of scaling-up similar businesses.

 

During this transitionary period, AFC Energy will continue to benefit from Adam's experience and contacts in the industry  to support the appointment of a successor. In addition, Gary Bullard, the current non-Executive Chairman, will take on the role of Executive Chairman until a successor CEO is in place.

 

Gary has nearly 20 years' experience on the boards of successful UK-based industrial technology companies, including Chloride plc, Rotork plc, Spirent plc and Gooch & Housego plc.

 

Adam Bond, Chief Executive Officer, said:

 

"I am pleased to have been part of an incredibly exciting journey with AFC Energy but feel that this is an appropriate time for me to hand over, as the Company now looks to scale-up manufacturing and deployment of our generators and exploit the opportunities offered by our world-leading ammonia cracker technology."

 

Gary Bullard, Executive Chairman, said:

 

"10 years ago the Board asked Adam to move from his non-executive role, relocate to the UK and take on the CEO position. He has served as a great ambassador in furthering the vision of hydrogen as the way forward to a net zero economy, and in ensuring that AFC Energy, and the UK, will play a leading role in this. With Adam's continued support, we look forward to making a smooth transition, thank Adam for his service to the Company and wish him well for the future."

 

 

For further information, please contact:

 

AFC Energy plc

Gary Bullard (Executive Chairman)

Adam Bond (Chief Executive Officer) 

 

+44 (0) 14 8327 6726

investors@afcenergy.com

 

Peel Hunt LLP - Nominated Adviser and Joint Broker

Richard Crichton / Georgia Langoulant / Brian Hanratty

 

+44 (0) 207 418 8900

 

Zeus - Joint Broker

David Foreman / James Hornigold (Investment Banking)

Dominic King (Corporate Broking) / Rupert Woolfenden (Sales)

+44 (0) 203 829 5000

 

RBC Capital Markets - Joint Broker

Matthew Coakes / Teri Su

Eduardo Famini / Jack Wood

 

FTI Consulting - Financial PR Advisors

Ben Brewerton / Tilly Abraham / Evie Taylor

 

+44 (0) 20 7653 4000

 

 

 

+44 (0) 203 727 1000

afcenergy@fticonsulting.com

 


 

About AFC Energy

 

AFC Energy plc is a leading provider of hydrogen energy solutions, to provide clean electricity for on and off grid power applications. The Company's fuel cell technology is now deployable as electric vehicle chargers, off-grid decentralised power systems for construction and temporary power with emerging opportunities across maritime, data centres and rail as part of a portfolio approach to the decarbonisation of society's growing electrification needs.

 

 

 

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
BOAQKBBPCBKDCOB]]>
TwitterFacebookLinkedIn