Itm Power Regulatory News (ITM)

RNS Number : 7321S

ITM Power PLC

15 September 2010

 

 

10:30 15 September 2010

 

ITM Power plc

("ITM Power" or "the Company")

 

Appointment of Non-Executive Director

 

ITM Power is pleased to announce the appointment of The Rt. Hon. Lord Freeman PC as a Non-Executive Director with effect from 1 October 2010. Lord Freeman is a member of the House of Lords and is currently Chairman of Thales Holdings (UK) Plc (and a Non-Executive Director of Thales S.A.); Chairman of the Advisory Boards of PricewaterhouseCoopers (UK) and RP&C International and a Non-Executive Director of Savile Group plc, Chemring Group plc and Parity Group plc.

 

During a distinguished political career, Lord Freeman was the Conservative MP for Kettering from 1983 to 1997 and served as the Parliamentary Secretary for the Departments of Health and Armed Forces and as Minister of State for Public Transport and Defence Procurement. He concluded his political career as a Cabinet Minister in the government of John Major, having also served as Deputy Chairman of the Conservative Party. He became a Life Peer in 1997.

 

Lord Freeman is a graduate of Balliol College and a Chartered Accountant. He was a Partner and Managing Director with Lehman Brothers in New York and London, specializing in cross border mergers and acquisitions.

 

Commenting on the appointment, Roger Putnam, Chairman of ITM Power, said: "We are very pleased that Lord Freeman has agreed to join the Board of ITM Power. His experience and contacts will be invaluable to us in commercialising our technology and entering new markets. His knowledge of government in particular will be of great benefit as we seek to inform and persuade politicians of the long term virtues of hydrogen for fuel. On behalf of the Board and the Company's management team, I am delighted to welcome Roger to ITM Power."

 

Lord Freeman added: "The UK faces some very serious challenges to meet our existing emissions targets and reduce our country's carbon footprint. ITM Power is adding value to renewables in a way that will help us meet those challenges and I look forward to working with the Board and the management team to raise the profile of hydrogen solutions and lead an emerging new industry."

 

For further information please visit www.itm-power.com or contact:

 

ITM Power plc Graham Cooley, CEO	0114 244 5111
Panmure Gordon & Co. Katherine Roe / Abhishek Majumdar	020 7459 3600
Tavistock Communications Simon Hudson / James Midmer	020 7920 3150

 

 

Notes:

In accordance with Schedule 2 paragraph (g) of the AIM Rules, the Company discloses the following in respect of Lord Freeman:

 

i)	Full name: The Rt Hon Lord Roger Norman Freeman P.C.
ii)	Age: 68
iii)	Current directorships: Thales SA Thales Holdings plc Savile Group plc Chemring Group plc Global Energy Development plc Big DNA Ltd Parity Group plc
iv)	Previous directorships in the last five years:   Cambridge Enterprise Ltd Metalysis Ltd Radiation Watch Ltd Crosscore Optimization Ltd Thales UK Pension Funds

 

 

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