IP GROUP
Ceres Power Holdings plc, a world leading developer of low cost, next generation fuel cell technology, is pleased to announce the appointment of Mr Aidan Hughes as a Non-Executive Director of the Company with immediate effect. Aidan has also been appointed as chairman of the Company's audit committee.
Aidan has over twenty years of senior finance experience in a variety of listed companies. He was Finance Director at the Sage Group Plc from 1993 to 2000, and a director of Communisis Plc from 2001 to 2004, having previously held senior accountant roles at Lex Services Plc and Carlton Communications Plc.
Since 2004 he has been Non-Executive Director of Dialog Semiconductors plc ("Dialog"), a UK company listed on the Frankfurt stock exchange and a member of the German TecDax index. During his tenure at Dialog, Aidan chaired its Audit Committee. He is also an investor and adviser to a number of international private technology companies and has a part-time executive role with Corelogic Limited, a leading UK software company.
Aidan is a Fellow of the Institute of Chartered Accountants in England and Wales and qualified as a chartered accountant with PriceWaterhouse in the 1980s.
Commenting on the appointment, Alan Aubrey, Chairman of Ceres Power, said: "The Board is delighted that Aidan has agreed to join Ceres Power. We believe he will be a great addition, providing strong financial and commercial inputs learned from many years of experience in high growth technology businesses."
Further information:
In accordance with Schedule Two (g) and Rule 17 of the AIM Rules for Companies, the following information in relation to the appointment of Mr Hughes is disclosed:
Aidan John Hughes, aged 54, is or has been a director of the following companies during the previous five years:
Current:
Dialog Semiconductor Plc
Corelogic Global Limited
Corelogic Mosaic Pty Limited
Framework Systems & Solutions Private Limited
Kids Kabin Limited
Substance Limited
Past five years:
Finnmac Solutions Limited
Applaud Web Solutions Limited
Other than the information provided above, there is no further information to be disclosed under Schedule Two (g) and Rule 17 of the AIM Rules for Companies.
Enquiries:
Ceres Power Holdings plc
Phil Caldwell, CEO
Richard Preston, CFO
Tel. +44 (0)1403 273 463
N+1 Singer (Nominated Adviser and Broker)
Ben Wright / Alex Wright
Tel: +44 (0) 20 7496 3000
Tavistock Communications
Mike Bartlett/James Collins
Tel: +44 (0) 20 7920 3150
Notes to editors:
About Ceres Power
Ceres Power (http://www.cerespower.com/) is a world leading developer of low cost, next generation fuel cell technology for use in decentralised energy products that reduce operating costs, lower CO2 emissions, increase efficiency and improve energy security. The Ceres unique patented Steel Cell technology operates on mains natural gas and is manufactured using standard manufacturing processes and conventional materials such as steel, meaning that it can be mass produced at an affordable price for domestic and business use.
www.cerespower.com
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