12 September 2024
ITM Power PLC
Appointment of new CFO
ITM Power PLC announces that Amy Grey will join the Company as Chief Financial Officer and is expected to join the Company's Board no later than early March 2025.
Amy brings a wealth of experience. She is joining us from Sheffield Forgemasters, where she has been serving as CFO and previously Finance Director. Before this, Amy held a range of senior management roles, including Vice President of Finance for Greenlane Renewables, a global provider of biogas upgrading systems, UK Finance Director for Heras Perimeter Protection, a Dutch-headquartered company with a global presence, and Finance and Commercial Director at Kelda Group.
Amy will take over from Andy Allen, who will step down from the Board on the same date. Andy will support Amy in making a smooth transition and assume a different role within the Company.
Dennis Schulz, CEO of ITM, said:
"I am delighted to welcome Amy to ITM as our CFO, following an extensive search to secure such a high-calibre appointee. She will be an excellent addition to the leadership team, and we look forward to working with Amy on the exciting growth ahead of us. Today, ITM is more capable than the Company has ever been. I want to thank Andy for his significant contributions to getting ITM to this point and for supporting me closely in the transformation of the business during our recent 12-month plan. I am pleased that we can retain Andy in the business."
Disclosures required by Schedule Two, paragraph (g) of the AIM Rules for Companies
Amy Elizabeth Grey, who is 47 years old, is or has been a director of the following companies during the past five years:
| Current Directorships / Partnerships | Former Directorships / Partnerships (within the last 5 years) |
| Sheffield Forgemasters International Limited | Heras Pension Schemes Trustee Limited |
| Sheffield Forgemasters Engineering Limited | Heras Perimeter Protection Limited |
As at the date of this announcement, Amy Grey does not hold any ordinary shares in the capital of the Company.
There are no further disclosures required pursuant to Schedule Two, paragraph (g) of the AIM Rules for Companies in respect of Amy Grey's appointment to the Board.
For further information, please visit www.itm-power.com or contact:
| ITM Power PLC | |
| Justin Scarborough, Head of Investor Relations
| +44 (0)114 551 1080 |
| | |
| Investec Bank plc (Nominated Adviser and Broker) | +44 (0)20 7597 5970 |
| James Rudd / Chris Sim / Ben Griffiths | |
| | |
About ITM Power PLC:
ITM Power was founded in 2000 and ITM Power PLC was admitted to the AIM market of the London
Stock Exchange in 2004. Headquartered in Sheffield, England, ITM Power designs and manufactures
electrolysers based on proton exchange membrane (PEM) technology to produce green hydrogen, the only net zero energy gas, using renewable electricity and water.
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