16 January 2025
ITM Power PLC
Change of Linde Board
Representative
ITM Power is pleased to announce that Matthias
von Plotho has been appointed a Non-Executive Director effective
from 15 January 2025. He replaces Jürgen Nowicki, who
has resigned from the Board on the same day.
Jürgen served as Linde's nominated Board
representative since November 2019, following Linde's acquisition
of its stake in ITM, which currently stands at
16.2%.
Matthias joined Linde in 2001 as
Team Lead Accounting and subsequently held different positions in
Finance & Controlling. In 2003, he was appointed Global Head of
M&A for Linde AG and was named Head of Finance & Control
EMEA in 2010. He assumed his current role as Senior Vice President
Finance EMEA at Linde Gas after Linde's merger with Praxair in
2019.
Sir Roger Bone, Chairman of ITM, said: "I would
like to thank Jürgen for his valuable contribution over the past
five years. We are delighted to welcome Matthias to the Board of
ITM and look forward to working with him to deliver long-term
sustainable value for our shareholders. His financial and strategic
experience will add significant value to the business, as will his
deep understanding of the wider industry in which ITM operates,
especially given his current role at Linde Gas. His appointment
also maintains our strong relationship and collaboration with our
largest shareholder."
Disclosures
required by Schedule Two, paragraph (g) of the AIM Rules for
Companies
Matthias Hans-Heinrich von Plotho,
who is 55 years old, is or has been a director of the following
companies during the past five years:
|
Current Directorships / Partnerships
|
Former Directorships / Partnerships (within the last 5
years)
|
|
Linde Holding GmbH
|
Linde Vietnam Limited
Company
|
|
Linde GmbH
|
African Oxygen (PTY) LTD
|
|
Linde Electronics GmbH & Co.
KG
|
Unterbichler Gas GmbH
|
|
Hydromotive Verwaltungs
GmbH
|
Linde Gas España Sociedad
Anonima
|
|
Linde Gas Therapeutics
GmbH
|
|
|
Linde Gas Vervaltungs
GmbH
|
|
|
Linde Schweißtechnik GmbH
|
|
|
Linde Österreich Holding
GmbH
|
|
|
Linde Gas Benelux B.V.
|
|
|
Linde Gas Vietnam Limited
|
|
As at the date of this
announcement, Matthias von Plotho does not hold any ordinary
shares in the capital of the Company.
There are no further disclosures
required pursuant to Schedule Two, paragraph (g) of the AIM Rules
for Companies in respect of Matthias von
Plotho's appointment to the
Board.
For further information, please visit
www.itm-power.com or
contact:
|
ITM Power
PLC
|
|
|
Justin Scarborough, Head of Investor
Relations
|
+44 (0)114 551 1080
|
|
Berenberg
|
|
|
Ciaran Walsh, Harry Nicholas
|
+44 (0)20 3207 7800
|
|
J.P. Morgan
Cazenove
|
|
|
Richard Perelman, Charles Oakes
|
+44 (0) 20 7742 4000
|
About ITM
Power PLC:
ITM Power was founded in 2000 and ITM Power PLC
was admitted to the AIM market of the London Stock Exchange in
2004. Headquartered in Sheffield, England, ITM Power designs and
manufactures electrolysers based on proton exchange membrane (PEM)
technology to produce green hydrogen, the only net zero energy gas,
using renewable electricity and water.