Intelligent Energy Holdings Plc announced that in anticipation of the successful refinancing of the company, and the completion of the restructuring of the business, Dr. Henri Winand (Chief Executive Officer of Intelligent Energy) and the board agreed that it was an appropriate time to review the leadership of the company. Following that review, Dr. Henri Winand is stepping down as Chief Executive Officer with immediate effect and Mr. Martin Bloom has been appointed as interim Chief Executive Officer. Mr. Bloom has been a Non-executive Director of Intelligent Energy since 2012, has significant experience in building high-growth energy technology companies and has strong international connections in the energy sector.

Dr. Phil Mitchell, Non-executive Director, will also be standing down from the board at the end of June, although the company will retain an ongoing direct and important contribution from Dr. Mitchell through planned consultancy activity in support of Mr. Bloom. In recognition of the restructuring activity being undertaken by the Company, the remaining Non-executive Directors will be reducing their fees to the individual levels in place before Intelligent Energy listed in July 2014.