Ceres Power Regulatory News (CWR)

5 Mar 2007 13:23

Ceres Power Holdings plc05 March 2007 Ceres Power Holdings plc ('Ceres', 'Ceres Power' or the 'Company') Director Changes Ceres Power, the AIM-quoted fuel cell group, is pleased to announce theappointment of Brian Count to its Board as a Non-Executive Director with effectfrom 2nd March 2007. Brian has had a distinguished career in National Power, rising to become ChiefExecutive Officer of Innogy plc. He led Innogy plc through its transformationfrom a generation company to an integrated energy business, prior to itsacquisition by RWE in 2003. He was latterly the Chief Executive Officer of RWE Trading ("RWE"), based inEssen, Germany until he retired from RWE in June 2005. In this role he grew theEuropean energy trading business to become a commercial hub of the RWE group. Brian read Mathematics at Kings College, Cambridge and subsequently received adoctorate in Physics. He is currently a non-executive director of Eskom, the state owned electricitycompany in South Africa, Chairman of Progressive Energy, a company that isworking with Centrica to develop a clean coal fired power station in the UK andis also a member of the UK Industrial Development Advisory Board of the DTI. Hehas extensive experience of international energy utilities and has been involved with governments and regulatory matters both in the UK and throughout Europe. Philip Holbeche, Chairman of Ceres Power, commented: "Brian's appointment is an important step for Ceres as the company builds itsmanufacturing base, operations, and commercial relationships in the UK andinternationally. His experience and knowledge of relevant industry partners willbe invaluable in supporting the group's progress, as will his understanding andachievements in the financial markets." Information required pursuant to Schedule 2 (g) of the AIM Rules: Brian Morrison Count is aged 56 and has no previous names. He currently holds the following directorships: •Eskom Holdings Limited, a state owned electricity company registered under the laws of the Republic of South Africa (company number 2002/015527/ 06) •Progressive Energy Limited (registered in the UK, company number 3620177) •Count on B Limited (registered in the UK, company number 5735195) Brian holds no shares or share options in Ceres Power. Other directorships held in last five years (no longer held): •Innogy plc •RWE Trading GmbH There is no other information required to be disclosed pursuant to Schedule 2 (g) of the AIM Rules. Board Resignation Harry Fitzgibbons, who has served a three-year term as a Non-Executive Directorof the Company, has indicated his wish to step down from the Board as from 1stMarch 2007. The Board wishes to thank Mr Fitzgibbons for his contribution toCeres during its transition from a private company to a substantial publiccompany. We wish him well in his future endeavours. For further information contact: Philip Holbeche, Chairman, Ceres PowerPeter Bance, Chief Executive, Ceres Power +44 (0) 1293 400 404 Patrick d'Ancona / Charlotte Kirkham +44 (0) 207 153 1531M: Communications This information is provided by RNS The company news service from the London Stock Exchange