REG - Powerhouse Energy Gp - Directorate Change

Powerhouse EnergyAnnouncement

15/11/2023 07:15

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RNS Number : 4479T  Powerhouse Energy Group PLC  15 November 2023

Powerhouse Energy Group plc

("Powerhouse" or the "Company")

15 ( )November 2023

 

Directorate Change

The Company announces that Tony Gardner-Hillman has notified his intention to
resign from his position as Non-Executive Chairman and from the Board.

 

To support a transition, Tony has agreed to remain in position until Friday
15(th) December 2023.  This will ensure a smooth handover to David Hitchcock
who will be Tony's temporary succesor and enable Tony to continue through that
period to support the acting Chief Executive Officer. The announcement of a
permanent successor will be made in due course.

 

Tony Gardner Hillman said:

 

"I have thoroughly enjoyed working with the team and my time at Powerhouse.
Through my tenure I have worked to help the business identify and protect
against the challenges it shares with many early-stage businesses and become
more robust. I hope I have made a positive mark. However, I have now decided
that I need to relinquish my position and I wish the Company and the team
every success in the future."

 

Paul Emmitt, Acting Chief Executive Officer of the Company, said:

 

"Tony has had a significant beneficial influence on the business in the short
time he has been with the Company, and I am grateful for the support and
guidance he has given to me and to the Board. Naturally, I am disappointed he
is leaving, but he will do so with thanks and best wishes from the Board, and
from key stakeholders with whom he quickly built positive relationships."

 

 

-ENDS-

 

For more information, contact:

 

 Powerhouse Energy Group plc                       Tel: +44 (0) 203 368 6399
 Paul Emmitt

 WH Ireland Limited (Nominated Adviser)            Tel: +44 (0) 207 220 1666
 James Joyce / Megan Liddell

 Turner Pope Investments (TPI) Ltd (Joint Broker)  Tel: +44 (0) 203 657 0050
 Andrew Thacker / James Pope

 Tavistock Communications (Financial PR)           Tel: +44 (0) 20 7920 3150

 Nick Elwes

 Simon Hudson

 Saskia Sizen

 

 

 

 

 

 

 

 

 

 

 

Notes to Editors:

 

About Powerhouse Energy Group plc

Powerhouse Energy has developed a process technology which can utilise waste
plastic, end-of-life-tyres, and other waste streams to convert them
efficiently and economically into syngas from which valuable products such as
chemical precursors, hydrogen, electricity, heat and other industrial products
may be derived.

 

Powerhouse Energy's process produces low levels of safe residues and requires
a small operating footprint, making it suitable for deployment at enterprise
and community level.

 

Powerhouse Energy is quoted on the London Stock Exchange's AIM Market under
the ticker: PHE and is incorporated in England and Wales.

 

For more information see www.phegroup.com

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