Proton Power Systems PLC Directorate and Director Responsibilities Changes (6951N)

TIDMPPS

RNS Number : 6951N

Proton Power Systems PLC

10 August 2017

 
        10 August 2017 
 

Proton Power Systems plc

("Proton" or the "Company")

Change of Director Responsibilities and Directorate Change

Proton Power Systems plc (AIM: PPS), the designer, developer and producer of fuel cells and fuel cell electric hybrid systems, announces the following changes of Director Responsibilities, effective from 10 August 2017:

Ian Peden is stepping down as Chairman and Company Secretary with immediate effect, but will remain a Non-Executive Director of the Company.

Achim Loecher, a Non-Executive Director of the Company, is appointed as Chairman and Company Secretary with immediate effect.

Directorate Change

The Board is pleased to announce the appointment of Roman Kotlarzewski (ACA) as Group Finance Director with effect from 10 August 2017. Roman will also join the Board as Director.

Roman, aged 59, has over 30 years' experience in finance and accounting, having occupied financial leadership roles in organisations ranging from startups through to private companies and quoted UK, German and US corporations.

Roman qualified as a Chartered Accountant with Chalmers Impey, before working at KPMG.

Details of Roman's present and former Directorships are:

 
 Present Directorships          Former Directorships 
                                 held over past five 
                                 years 
-----------------------------  --------------------- 
 ConFin Interim Management 
  Ltd 
  Globe Business College 
  Munich Verwaltungs 
  GmbH 
  Globe Business College 
  Munich GmbH & Co KG 
  Manning Global AG 
  Augsburger Geschlechtertanz 
  e.V. 
-----------------------------  --------------------- 
 

Roman does not currently hold, directly or indirectly, any Ordinary Shares in the Company.

With the exception of these disclosures, there are no other disclosures required in relation to Rule 17 or paragraph (g) of Schedule 2 of the AIM rules for companies.

Commenting on the changes, Faiz Nahab, CEO of Proton, said:

"The Board of Proton would like to thank Ian for his efforts and commitment to the Company as Chairman and look forward to continue working with him in the future."

"We are pleased to welcome Roman Kotlarzewski as our new Group Finance Director. His experience in various financial roles will be a valuable addition to the Board."

For further information:

 
 Proton Power Systems plc 
 Dr Faiz Nahab, CEO 
 Achim Loecher, Chairman                    Tel: +49 (0) 172 
  Ian Peden, NED                                    146 3140 
  Roman Kotlarzewski, Group                 Tel: +49 (0) 162 
  FD                                                101 6470 
                                      Tel: [phone] 
                                  www.protonpowersystems.com 
 Stockdale Securities Limited 
  Nominated adviser and broker               Tel: +44 (0) 20 
                                                   7601 6100 
 Antonio Bossi / El Hanan        www.stockdalesecurities.com 
  Lee 
 
 

About Proton Motor Fuel Cell GmbH

Proton Motor is an expert in Power Solutions using CleanTech technologies like industrial fuel cells, fuel cell and hybrid systems with more than 20 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 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).

This information is provided by RNS

The company news service from the London Stock Exchange

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August 10, 2017 10:00 ET (14:00 GMT)