ITM Power : Dr Graham Cooley stepping down as ITM Power CEO after almost 14 years
September 23, 2022 at 10:33 am EDT
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Dr Graham Cooley steps aside as CEO of ITM Power after thirteen and a half years at the helm, and will remain with the company in a senior strategic role.
After thirteen and a half years as CEO of ITM Power, Dr Graham Cooley is changing roles. As the company looks to expand its international presence, a new CEO is being sought with the skillset and experience required to take ITM Power through its next evolutionary stage.
"I have decided to step aside as CEO of ITM Power. Once a new CEO is welcomed into the company, I will adopt a new strategic role in ITM Power, reporting to the Chairman and the new CEO," said Graham.
"I recognise that the skills now required to take the company forward are those of a world-class manufacturing professional who has expanded a manufacturing organisation internationally.
"I very much look forward to finding that individual, introducing them to ITM Power, and working closely with them as we go forward, while remaining a significant and supportive shareholder."
Graham's Legacy
Graham joined the company in 2009 following a career in the power and technology sectors where he developed a number of novel technologies and oversaw multi-million-pound fundraising rounds.
As CEO of ITM Power, he has broken the company into new markets - including Japan and North America - forged ground-breaking industrial partnerships, and overseen equity fundraisers of almost £500 million. The company has rapidly evolved and, in 2021, opened the world's largest electrolyser manufacturing facility.
Finding the right replacement
On his replacement, Graham said: "We'll find a very significant individual that has already been through the journey that ITM Power will be going through to internationalise its manufacturing business. An important process for us, and one that I will be fully engaged with and supportive of.
"We are working with a very well-known and major recruitment firm to find the right individual. We elected to make the announcement as early as possible and make the process visible to the market, in order to help the process of finding the calibre of candidate that we are seeking."
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ITM Power plc published this content on 23 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 September 2022 14:32:46 UTC.
ITM Power PLC is a United Kingdom-based company, which designs and manufactures electrolyzers based on proton exchange membrane (PEM) technology to produce green hydrogen using renewable electricity and water. The Company makes electrolyzers in a range of sizes to suit its customers needs from 2 megawatts (MW) to projects in excess of 100 MW. Its electrolyzer products include TRIDENT, NEPTUNE and POSEIDON. TRIDENT is a PEM electrolyzer stack technology. TRIDENT is a 2 MW electrolyzer skid based on its 30 bar stacks. NEPTUNE is a fully autonomous electrolyzer system. Supplied with a power conversion system and incorporating all necessary balance of the plant, the electrolyzer can be readily deployed as a complete package. POSEIDON is a 20 MW module for large-scale projects. POSEIDON is a modular building block enabling scale up with an optimized footprint. Suitable for both indoor and outdoor installation, it consists of skid-mounted units which can be prefabricated and pre-tested.