AFC Energy Plc Appointment of Chief Operational Officer (0505W)
February 06 2017 - 2:00AM
UK Regulatory
TIDMAFC
RNS Number : 0505W
AFC Energy Plc
06 February 2017
6 February 2017
AFC Energy PLC
("AFC Energy" or the "Company")
Appointment of Chief Operating Officer
AFC Energy (AIM: AFC), the industrial fuel cell power company,
is pleased to announce the appointment of Jim Gibson to AFC
Energy's Board of Directors as Chief Operating Officer of the
Company with immediate effect.
Jim's extensive experience in operational management and
business development in the chemicals sector is critical as AFC
Energy is set to crystallise the commercialisation of its proven
alkaline fuel cell system. Jim has taken a leading role at AFC
Energy over the last four months in a product development and
business development capacity, closely involving himself in the
oversight and management of project opportunities and operational
development.
Jim has almost 30 years' experience in operations management and
business development roles for the engineering contracting sector
and particularly within the APAC region. Jim spent 23 years at
Foster Wheeler working in operational roles and then leveraging his
technical background, in chemical engineering, to maximise business
acquisition opportunities in his business development roles. Jim
worked as Commercial Director for the APAC region and was MD of
Global Sales & Marketing group. Jim has most recently spent two
years as Head of Process Technologies & Business Development
(APAC) for ThyssenKrupp Industrial Solutions and is a member of the
Institute of Chemical Engineers.
Adam Bond, CEO, commented:
"On behalf of all the Directors and executives, we would like to
welcome Jim to the Board. Jim's credentials, experience and
capability have supported the Company over the past few months and
have been a strong catalyst for some of the commercial and
technical initiatives currently under development at AFC Energy.
His direct experience in the chemical and industrial sectors drive
an increased focus and relevance of AFC Energy's leading alkaline
technology and fuel cell systems to that expected from our
commercial, strategic and project partners. We are delighted to add
Jim to our Board and executive team."
Jim Gibson, COO, commented:
"It is a pleasure to be joining AFC Energy at this extremely
exciting time in the Company's evolution to a fully commercial and
world leading fuel cell company. Having followed the Company for
the past couple of years, I have been most impressed at the strides
forward it has achieved and the calibre of partners we are
currently engaged with. I'm confident that a significant market
opportunity is opening for AFC Energy's fuel cell and look forward
to supporting the Company's stated aspirations for 2017 of project
development and technical success and beyond."
For further information, please contact:
AFC Energy plc
Adam Bond (Chief Executive Officer)
Jim Gibson (Chief Operating Officer) +44 (0) 20 3697 1209
Cantor Fitzgerald Europe - Nominated Adviser and Joint Broker
Andrew Craig
Richard Salmond +44 (0) 20 7894 7000
M C Peat & Co LLP - Joint Broker
Charlie Peat +44 (0) 20 7104 2334
Lionsgate Communications - Public Relations
Jonathan Charles +44 (0) 20 3697 1209
About AFC Energy
AFC Energy plc has developed and successfully demonstrated an
alkaline fuel cell system ("KORE"), which converts hydrogen into
"clean" electricity. AFC Energy's key project POWER-UP demonstrated
the world's largest operational alkaline fuel cell system at Air
Products' industrial gas plant in Stade, Germany, in January 2016.
The Company is now looking to build upon an already established
pipeline of commercial opportunities and drive the findings from
the development phase of the technology into a technically
optimised and commercially relevant fuel cell system. For further
information, please visit our website: www.afcenergy.com
The following disclosures are required under Schedule Two
paragraph (g) of the AIM Rules for Companies:
Full name:
James Hay Gibson
Age:
50
Current directorships and partnerships:
iProcess Engineering & Consulting Limited (September 2016 - Present)
James Hay Gibson has no direct shareholding in the Company, but
has an indirect interest in the Company by virtue of his spouse's
ownership of 90,000 ordinary shares of 0.1 pence each, representing
approximately 0.2 per cent. of the issued share capital of AFC
Energy.
No further disclosures are required under the AIM Rules for
Companies.
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). Upon the
publication of this announcement via a Regulatory Information
Service ("RIS"), this inside information is now considered to be in
the public domain.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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