Ceres Power Holdings plc Appointment of Non-Executive Directors (3000Q)
18 June 2020 - 4:00PM
UK Regulatory
TIDMCWR
RNS Number : 3000Q
Ceres Power Holdings plc
18 June 2020
Ceres Power Holdings plc
Appointment of Non-Executive Directors
-- Mr. Uwe Glock of Bosch Thermotechnik GmbH joins the Board
-- Mr. Qinggui Hao replaces Dr. Haoran Hu as the Weichai Board representative
Horsham, UK: Ceres Power Holdings plc ("Ceres", the "Company")
(AIM: CWR.L), a global leader in fuel cell technology, announces
the appointment of Mr. Uwe Glock and Mr. Qinggui Hao as
Non-Executive Directors with immediate effect.
Mr. Glock is Chairman of the Board of Management of Bosch
Thermotechnik GmbH and joins the Board of Ceres subsequent to the
relationship agreement signed between Ceres and Robert Bosch GmbH
("Bosch") in January 2020. Under the agreement, Bosch gained the
right to nominate a Non-Executive Director in line with its
increased equity shareholding of c.18% of the Company.
Mr. Glock brings over 35 years of experience from across Bosch
Mobility Solutions and Energy and Building Technology - Worcester
Bosch in the UK is part of the Bosch Thermotechnik division. His
appointment increases Ceres' exposure to the Bosch organisation and
brings significant value through Mr. Glock's leading role in the
wider German and European energy and building industry. He is
currently President of the German Heating Association (BDH) and
Vice President of the German Building Technology Association
(VdZ).
Mr. Qinggui Hao is the Investment Director of Shandong Heavy
Industry Group Co., Ltd. He replaces Dr. Haoran Hu, who has served
on the Ceres Board as the Weichai-nominated Non-Executive Director
since December 2018. Mr. Hao joined Weichai in 2004 and held
various positions across the business including Linde Hydraulics
GmbH & K.G., as Deputy General Manager of Weichai Power
(Luxembourg) Holding S.àr.l., and as Secretary of the Board and
Director of the capital operation department of Weichai Power Co.,
Ltd.
Warren Finegold, Chairman of Ceres Power Holdings plc,
commented: "On behalf of the Board I would like to thank Dr. Hu for
his service over the past 18 months. He has been an important
advocate of the Ceres technology and his contribution has laid the
foundation for our successful partnership with Weichai.
"I am delighted to welcome Mr. Glock and Mr. Hao to the Board of
Ceres. Both bring tremendous experience, from their long and
distinguished careers with Bosch and Weichai respectively, across
key sectors and markets globally. I believe their participation in
the Board will only strengthen our partnerships and guide the
potential for Ceres' technologies in the markets in which they
operate."
Ends
Further regulatory disclosures
Mr. Uwe Glock currently holds directorships in the following
Bosch internal companies and joint ventures:
- Bosch Thermotechnology Ltd. Worcester UK
- Bosch Termotecnologia SA, Aveiro Portugal
- FHP Florida Heatpump Fort Lauderdale in USA (Joint Venture Bosch I Carrier)
Mr. Qinggui Hao is, or has during the last five years been, a
director or partner of the following companies and
partnerships:
- Suzhou Foresight Energy Technology Co Ltd
- Weichai (Weifang) Investment Company Co Ltd
- Shandong Fawei Vehicle Manufacturing Co Ltd
- Weichai Power Hong Kong International Development Company Ltd
For further information visit www.ceres.tech or contact:
Ceres Power Holdings plc Tel: +44 (0)7932 023
Elizabeth Skerritt 283
Investec Bank PLC (NOMAD & Joint Tel: +44 (0)207 597 5970
Broker)
Jeremy Ellis / Patrick Robb
Berenberg (Joint Broker) Tel: +44 (0)203 207 7800
Ben Wright / Mark Whitmore
Powerscourt Tel: +44 (0)20 7250 1446
Peter Ogden / James White
About Ceres Power
Ceres is a world-leading developer of next generation solid
oxide fuel cell (SOFC) and electrochemical technology. Its
asset-light, licensing model has seen it establish partnerships
with some of the world's largest engineering and technology
companies, such as Weichai in China, Bosch in Germany, Miura in
Japan, and Doosan in South Korea, to develop systems and products
that address climate change and air quality challenges for
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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END
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