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RNS Number : 3385I
Ceres Power Holdings plc
14 June 2011
 



14 June 2011

Ceres Power Holdings plc

                                    ("Ceres", "Ceres Power" or "the Company")

 

Appointment of Dr Brian Count as Executive Chairman

 

The Board of Directors of Ceres Power today announces that Dr Peter Bance has resigned as Chief Executive Officer of the Company with immediate effect.

 

The Board would like to thank Peter for all his efforts and commitment in bringing the business through its formative stages. His strategic vision and commercial insights have been important catalysts in the Company's development.

 

The Board is searching for a new Chief Executive with a proven track record of commercialisation of innovative technology products and a focus on operational delivery. Until a new Chief Executive is appointed, Dr Brian Count will act as Executive Chairman.

 

As stated in the announcement released on 1 June 2011, the Company is making good progress towards resolving the technical issues identified during the field trials and expects to update the market on the progress in addressing these issues during the summer.

 

 

For further information please contact.

 

Ceres Power Holdings Plc

Brian Count Executive Chairman

Rex Vevers, Finance Director

 

Tel: +44 (0) 1403 273 463

Morgan Stanley &Co International Limited

Peter Moorhouse

 

Tel: +44 (0) 20 7677 5044

Jefferies International Limited

Chris Snoxall

 

Tel: +44 (0) 20 7029 8423

Kreab Gavin Anderson & Company

Ken Cronin / Deborah Walter

 

Tel: +44 (0) 20 7074 1800

 

 

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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