REG - Ceres Power Holdings - Appointment of Non-Executive Directors

Ceres Power HoldingsAnnouncement

03/05/2023 07:00

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RNS Number : 1850Y  Ceres Power Holdings plc  03 May 2023

3 May 2023

 

Ceres Power Holdings plc

 

Appointment of Karen Bomba and Caroline Brown as Non-Executive Directors

 

 

Horsham, UK:  Ceres Power Holdings plc ("Ceres", the "Company") (AIM:CWR), a
global leader in fuel cell and electrochemical technology, announces the
appointment of Karen Bomba and Caroline Brown as independent Non-Executive
Directors with effect from 1 June 2023.

 

Karen Bomba

 

Karen has 35 years of experience in the engineering industry, most recently at
Smiths Group where she was latterly President of Smiths Interconnect until
2020. Karen was instrumental in streamlining Smith Interconnect's operational
structure, building the technology team to replenish the pipeline of
innovation, and repositioning the company for growth internationally.

 

Previously, Karen spent her career in various technical and managerial roles
at Hitco Carbon Composites, Zoltek Companies and at Safran Groups SA where she
worked for Messier-Bugatti, was Chair and Chief Executive of Labinal Groupe
and President and CEO of Morpho Detection.  She is currently a Non-Executive
Director of Ultra Electronics Holdings Ltd and of Wärtsilä Oyj Abp.

 

Karen is an American, based on the East Coast of the United States. She has a
Bachelor of Science in Mechanical Engineering from Rensselaer Polytechnic
Institute, USA, and is a graduate of the Financing and Deploying Clean Energy
course at the Yale School of the Environment.

 

Caroline Brown

 

Caroline is a commercially focused business leader with over 20 years of main
Board experience, as an Executive and Non-Executive Director, driving
strategic growth and leading high-performance teams across the financial,
technology and industrial sectors.

 

Caroline has delivered business strategy across EMEA, the Americas, India and
the Far East in commercial leadership roles for FTSE100 groups, mid-cap
companies and innovative small and medium-sized enterprises. Her early career
was in corporate finance with BAML (New York),

UBS and HSBC advising global corporations and governments.

 

Caroline is British and Irish and has qualified as an Accountant, Chartered
Financial Analyst, Master of Business Administration and Chartered Director.

 

 

Warren Finegold, Chair of Ceres, commented: "We look forward to welcoming
Karen and Caroline to the Ceres Board. They each possess extensive business
and sector knowledge as well as experience in growing teams to support
international expansion. Their skills and perspectives are highly relevant to
Ceres as we mature the business and continue to scale our partnership model
globally."

 

 

Ends

 

 

Further regulatory disclosures

 

The following additional information is provided in accordance with Rule 17
and Schedule Two, Paragraph (g) of the AIM Rules for Companies.

 

Karen Bomba

 

Karen Maria Bomba, (age 58), is, or has during the last five years been, a
director or partner of the following companies and partnerships:

 

Current directorships

Ultra Electronics Holdings Limited

Wärtsilä Oyj Abp

 

In the last 5 years

Smiths Interconnect Americas Inc

Smiths Interconnect Canada Inc

Smiths Interconnect Connectors Inc

Smiths Interconnect Group Ltd

Smith Interconnect Group (HK) Co. Ltd

Smiths Interconnect Hong Kong Co. Ltd

Smiths Detection LLC

Antares China Holdings Inc

Hypertac SPA

Reflex Photonics Corp

 

Caroline Brown

 

Caroline Ann Brown, aged 60, is or has during the last 5 years been, a
director or partner of the following companies and partnerships:

 

Current directorships

Crown Agents Bank Limited

CAB Payment Holdings Limited

WAG Payment Solutions plc

Shoare Management Company Limited

IP Group plc

Luceco plc

The Gray's Inn Mansion Limited

 

In the last 5 years

Rockley Photonics Limited

Rockley Photonics Holding Limited

NAHL Group plc

Georgia Capital plc

Raspberry Pi Foundation

VISA Payments Limited (previously Earthport plc)

Hydrodec Group plc

 

Caroline Brown was a director of Rockley Photonics Holding Limited, a Cayman
registered company, from 12 August 2021 to 12 December 2022. On 24 January
2023 the Company filed for Chapter 11 Protection with US Bankruptcy Court. On
10 March 2023 Rockley Photonics received court approval for restructuring
under the Cayman restructuring officer regime.

 

Caroline Brown was a director of Play to Win TV Limited, a UK registered
company, from 03 October 2006 to 06 June 2007. On 19 June 2007 the Company
entered into a Creditors Voluntary Liquidation and was formally dissolved on
02 February 2012.

 

As at the date of this announcement, neither Karen Bomba nor Caroline Brown,
have a beneficial interest in the ordinary shares of the Company.

 

There is no further information to be disclosed pursuant to Schedule Two,
Paragraph (g) of the AIM Rules for Companies.

 

Ends

 

For further information visit www.ceres.tech (http://www.ceres.tech) or
contact:

 Ceres Power Holdings plc                      Tel: +44(0)7932 023 283

 Elizabeth Skerritt

 Investec Bank PLC (NOMAD & Joint Broker)      Tel: +44 (0)207 597 5970

 James Rudd / Patrick Robb/ Ben Griffiths

 Berenberg (Joint Broker)                      Tel: +44 (0)203 207 7800

 Ben Wright/ Mark Whitmore

 FTI Consulting (PR Adviser)                   Tel: +44 (0)203 727 1000

 Dwight Burden/ Tom Reynolds                   Email: ceres_power@fticonsulting.com (mailto:Ceres_power@fticonsulting.com)

 

About Ceres Power

Ceres is a world-leading developer of electrochemical technologies: fuel cells
for power generation, electrolysis for the creation of green hydrogen and
energy storage. Its asset-light, licensing model has seen it establish
partnerships with some of the world's largest engineering and technology
companies, such as Bosch, Doosan, Shell and Weichai, to develop systems and
products that address climate change for power generation, transportation,
industry, data centres and everyday living.  Ceres is listed on the AIM
market of the London Stock Exchange ("LSE") (AIM: CWR) and is classified by
the LSE Green Economy Mark, which recognises listed companies that derive more
than 50% of their activity from the green economy.

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