REG - Proton Power Systems - Directorate and Director Responsibilities Changes <Origin Href="QuoteRef">P6K.L</Origin>

Proton Motor Power SystemsAnnouncement

10/08/2017 15:08

RNS Number : 6951N
Proton Power Systems PLC
10 August 2017

10 August 2017
Proton Power Systems plc
("Proton" or the "Company")
Change of Director Responsibilities and Directorate Change
Proton Power Systems plc (AIM: PPS), the designer, developer and producer of fuel cells and fuel cell electric hybrid systems, announces the following changes of Director Responsibilities, effective from 10 August 2017:
Ian Peden is stepping down as Chairman and Company Secretary with immediate effect, but will remain a Non-Executive Director of the Company.
Achim Loecher, a Non-Executive Director of the Company, is appointed as Chairman and Company Secretary with immediate effect.
Directorate Change
The Board is pleased to announce the appointment of Roman Kotlarzewski (ACA) as Group Finance Director with effect from 10 August 2017. Roman will also join the Board as Director.
Roman, aged 59, has over 30 years' experience in finance and accounting, having occupied financial leadership roles in organisations ranging from startups through to private companies and quoted UK, German and US corporations.
Roman qualified as a Chartered Accountant with Chalmers Impey, before working at KPMG.
Details of Romans present and former Directorships are:
Present Directorships
Former Directorships held over past five years
ConFin Interim Management Ltd
Globe Business College Munich Verwaltungs GmbH
Globe Business College Munich GmbH & Co KG
Manning Global AG
Augsburger Geschlechtertanz e.V.
Roman does not currently hold, directly or indirectly, any Ordinary Shares in the Company.
With the exception of these disclosures, there are no other disclosures required in relation to Rule 17 or paragraph (g) of Schedule 2 of the AIM rules for companies.
Commenting on the changes, Faiz Nahab, CEO of Proton, said:
"The Board of Proton would like to thank Ian for his efforts and commitment to the Company as Chairman and look forward to continue working with him in the future."
"We are pleased to welcome Roman Kotlarzewski as our new Group Finance Director. His experience in various financial roles will be a valuable addition to the Board." 
For further information:
Proton Power Systems plc

Dr Faiz Nahab, CEO

Achim Loecher, Chairman
Ian Peden, NED
Roman Kotlarzewski, Group FD
Tel: +49 (0) 172 146 3140
Tel: +49 (0) 162 101 6470
Tel: +49 89 1276265-81

www.protonpowersystems.com
Stockdale Securities Limited
Nominated adviser and broker
Tel: +44 (0) 20 7601 6100
Antonio Bossi / El Hanan Lee
www.stockdalesecurities.com


About Proton Motor Fuel Cell GmbH
Proton Motor is an expert in Power Solutions using CleanTech technologies like industrial fuel cells, fuel cell and hybrid systems with more than 20 years of experience in this sector. Based in Puchheim near Munich, Proton Motor offers complete fuel cell and hybrid systems from a single source - from the development and production through the implementation of customized solutions. The focus of Proton Motor is on back-to-base, for example, for mobile, marine and stationary solutions applications. The product portfolio consists of base-fuel cell systems, standard complete systems, as well as customized systems. 
Proton Motor serves IT, Telecoms, public infrastructure and healthcare customers in Germany, Europe and Middle East with power supply solutions for DC and AC power demand. In addition to power supply, SPower also offers solutions for Solar Systems as well as a new product line for Solar Energy Storage.
Proton Motor Fuel Cells GmbH is wholly owned subsidiary of Proton Power Systems plc. The Company has been listed on the London Stock Exchange since October 2006 (code: PPS).

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