Last checked at 30 Jan 2009 15:28
30 January 2009
AFC Energy plc
("AFC Energy" or "The Company")
Directorate Change
AFC Energy is pleased to announce that Terry Walsh will join the Board of the Company as Commercial Director.
In a further change, Otto Carlisle, Technical Director of AFC Energy has left the Company to pursue other interests and is no longer a director.
Terence Matthew Walsh (aged 41), Commercial Director
Terry's expertise lies in growing commercial business income. As part of this he will plan and deliver strategies for AFC Energy to attract new business, increase sales and licensing income and expand existing business services to promote a stronger commercial base.
Terry joins to the Company with a demonstrable 17 year track record in industry and retail, having worked at blue chip corporations including ICI where he held the position of Energy Trading Manager. In 2000, Terry joined INEOS Chlor, one of the largest Chlor Alkali businesses in Europe, where he was a Business Manager. The Chlor Alkali sector remains a key market segment for AFC Energy's fuel cell systems. Terry has a degree from London University.
Chairman, Tim Yeo, commented, "Terry joined the Company in September and has been a tremendous addition to the management team. I am delighted to welcome him to the main board. I would also like to thank Otto for his considerable contributions to the Company through the IPO and its development phase".
Present directorships or partnerships:
Energized Consulting Limited
Waste2tricity Limited
Directorships or partnerships in the last five years:
Chitech Industries (Europe) Limited
There is no other information that should be disclosed under rule 17 schedule 2 paragraph (g) of the AIM Rules.
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For further information please visit www.afcenergy.com or contact:
| AFC Energy plc Tim Yeo, Chairman Ian Balchin, Managing Director Simon Walters, Finance Director | 01483 276726 |
| Blue Oar Securities Shane Gallwey / Toby Gibbs / Matt Marchant | 020 7448 4400 |