17 Mar 2014 07:00
17 March 2014
Clean Air Power Limited
("Clean Air Power" or the "Company")
Board changes
Clean Air Power (AIM:CAP), the developer and global leader in Dual-Fuel engine management systems for heavy duty vehicles, is pleased to announce that Neill Skinner has been appointed to the Board as Chief Financial Officer with immediate effect. Neill has been working with Pete Rowse, the outgoing Finance Director, since 3 March 2014 to ensure a smooth handover. Pete Rowse, whose intention to resign was announced on 8 January 2014, steps down as director of the Company with immediate effect.
Neill spent his early career in "Big 4" firms, working in Audit and then Lead Advisory, before moving on to hold senior finance roles in British Nuclear Fuels plc and, more recently, strategy and corporate development roles at Speedy Hire plc. Neill has worked in the UK, US, Middle East and Central Asia.
John Pettitt, Chief Executive of Clean Air Power said:
"I am delighted to welcome Neill to the board and feel his international experience and background of developing commercial partnerships will be valuable to for the future growth of Clean Air Power. I would like to thank Pete for his considerable contribution over the last eight years and wish him well with his new opportunity."
Rodney Westhead, Non-executive Chairman
"The Board are very pleased to welcome Neill and feel his commercial and financial experience is a very good fit for the company and will contribute to our future growth. We would like to thank Pete for his work and dedication to the Company over the last eight years and wish him well with his future career."
The following information is required to be disclosed pursuant to paragraph (g) of Schedule 2 of the AIM Rules for Companies.
Neill Jonathan Skinner, aged 42, is or has been a director or partner of the following companies during the previous five years:
Current Directorships / Partnerships: |
| Directorships / Partnerships held within the previous five years: |
Board Member of Riverside ECHG, a division of The Riverside Group Limited |
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Mr Skinner currently has no beneficial interest in the share capital of the Company.
There are no other matters which are required to be announced with regard to the appointment of Mr Skinner under paragraph (g) of Schedule 2 of the AIM Rules.
For further information, please contact:
Clean Air Power John Pettitt, Chief Executive
| Tel: +44 (0)1772 624 499 |
Citigate Dewe Rogerson Malcolm Robertson Chris Gardner
Cantor Fitzgerald Europe David Foreman / Mark Percy (Corporate Finance) David Banks / Paul Jewell (Corporate Broking)
Peat & Co Charlie Peat Andy Cuthill
| Tel: +44 (0)20 7282 2867
Tel: +44 (0)20 7894 7000
Tel: +44 (0)20 7894 7632
Tel: +44 (0)20 3540 1721
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Notes to Editors
About Clean Air Power
Clean Air Power is the developer and provider of Dual-Fuel™ combustion technology for heavy duty diesel engines. Dual-Fuel™ engines substantially cut fuel costs and carbon emissions without sacrificing the original engine's characteristic efficiency or reliability. Clean Air Power is well positioned to assist corporations and governments to deliver on their environmental commitments while at the same time reducing transport operators overheads.
Initially founded in the USA in 1991, around £50m has been invested in developing the technology with the result that 65 patents are currently held or pending. The holding company of the Group is based in Bermuda with operational subsidiaries in the UK, the USA and Australia. The Group was admitted to the AIM market of the London Stock Exchange in February 2006.
Further information on Clean Air Power is available at www.cleanairpower.com