Last checked at 21 Feb 2011 07:00
21 February 2011
Embargoed until 07:00
AFC Energy PLC
("AFC Energy" or the "Company")
Appointment of Managing Director
AFC Energy (AIM:AFC), a world leading developer of alkaline fuel cells, announces that Edward Wilson, previously Director of Manufacturing, has been appointed to the Board as Managing Director. He will lead AFC Energy in its next stage of development, as it moves towards commercialisation of its fuel cell technology. In tandem with this appointment, Ian Balchin has moved from Chief Executive Officer to Deputy Chairman with particular responsibility for future strategic direction of the Company.
Mr Wilson joined AFC Energy, on 28 September 2010 from his previous position as Chief Executive at WSP CEL (formerly CEL International), an engineering consultancy and project management business. He has a wealth of experience in managing multi-disciplinary turnkey projects worldwide and has a background in senior-level management positions, expertise with multi-national blue-chip companies and direct fuel cell experience with major companies, including Johnson Matthey and National Power.
Tim Yeo, Chairman of AFC Energy plc, commented: "We have technology with proven fundamentals and a huge potential market. As we move towards commercialisation of our industry leading fuel cell technology I am delighted that we will have Ed with his wealth of experience within the industries of manufacturing, engineering and advanced materials technology leading the Group."
For further information, please contact:
AFC Energy plcTim Yeo, ChairmanEd Wilson, Managing DirectorDavid Marson, Finance Director |
+44 (0)1483 276726
|
Allenby Capital Limited Brian StockbridgeAlex Price |
+44 (0)20 3328 5656 |
Threadneedle Communications John Coles Fiona Conroy |
+44 (0)20 7653 9850 |
About AFC Energy
AFC Energy is a world leading developer of low-cost alkaline fuel cells. AFC Energy's technology is focused on large-scale industrial applications and the objective of producing the lowest possible unit cost electricity. Please visit our website at www.afcenergy.com.
Regulatory Information
Edward Brian Wilson (56 years old)
Current directorships: |
Nova Pangaea Technologies Limited |
Parilis Limited |
Previous directorships (last 5 years): |
Integrated Process Design Consultants Limited |
WSP CEL Limited |
Ideas Project Engineering LTd |
Environmental and Remediation Services Limited |
Terrsula Limited |
Acordis Foleshill Road Limited |
CEL International Developments Limited |
ECI Active Limited |
Edward Wilson was a director of ECI Active Limited which was struck off the Register of Companies on 22 August 2006 and dissolved on 29 August 2006.
There is no further information on Edward Wilson required to be disclosed under Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies.