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(Alliance News) - Pineapple Power Corp PLC said on Thursday it had reached agreements regarding provisional executive roles for its Ilios Hydrogen Canada Ltd investment.
Pineapple Power is a London-based special purpose acquisition company with an interest in the clean and renewable energy sector, whilst Ilios Hydrogen Canada is a Canadian-based developer of green hydrogen production plants.
The two companies have held discussions with a number of investment banks about the financing requirements for their corporate development plans, and about the appointment of a board of directors.
Pineapple Power announced that Graham Cooley will serve as non-executive chair, Peter Williams as non-executive director and Barry Cunliffe as chief financial officer & interim chief executive officer.
Graham Cooley was the CEO of ITM Power PLC, the first hydrogen related company on the London Stock Exchange, and was a founding member of the UK Government's Hydrogen Advisory Council.
Peter Williams was the group technology director and head of investor relations for INEOS Group Ltd, the London-based chemical company, after serving 11 years as the chief executive of INEOS Technologies Ltd.
Barry Cunliffe was the CFO & company secretary for ITM Power, was promoted to Managing Director of Motive Fuels Ltd and head of Aftersales, and is currently the interim finance director for a privately owned specialist retailer.
In November 2023, Pineapple Powers had entered into a non-binding agreement with Ilios Hydrogren Canada to acquire all its outstanding shares in an all-share transaction. No binding agreement has been reached yet.
Pineapple Power shares were flat at 2.74 pence each in London on Thursday afternoon.
By Emily Parsons, Alliance News reporter
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