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AFC Energy Plc announced on May 11, 2023, that Joe Mangion intends to retire from his roles as Non-Executive Director and Chair of the Audit Committee. Mr. Mangion, who was appointed in 2017, will remain in these positions until a replacement is found. The Company's Nomination Committee is currently in discussions with potential candidates for these roles.
| Date | 11 May 2023 |
| Time | 07:00:02 |
| Category | Miscellaneous |
| ID | 9934Y |
11 May 2023
AFC Energy plc
("AFC Energy" or the "Company")
Non-Executive Director Retirement
AFC Energy (AIM: AFC), a leading provider of hydrogen energy solutions, announces that Joe Mangion has indicated his intention to retire from his role as Non-Executive Director and Chair of the Company's Audit Committee. Joe will continue in this role until a suitable replacement is found.
As part of a succession plan already agreed by the Board, the Company's Nomination Committee is currently in discussion with potential candidates to replace Mr Mangion and an appointment of a new Audit Committee Chair will be made in due course.
The Board thanks Joe for his commitment and support since being appointed in 2017. During this time, the Company has benefited greatly from Joe's input and positive contribution to its evolution and successes. The Company wishes him well for the future.
For further information, please contact:
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AFC Energy plc Adam Bond (Chief Executive Officer)
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+44 (0) 14 8327 6726 |
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Peel Hunt LLP - Nominated Adviser and Joint Broker Richard Crichton / Tom Ballard / Georgia Langoulant |
+44 (0) 207 418 8900
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Zeus - Joint Broker David Foreman / James Hornigold (Investment Banking) Dominic King (Corporate Broking) / Rupert Woolfenden (Sales) |
+44 (0) 203 829 5000 |
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FTI Consulting - Financial PR Advisors Ben Brewerton / Dhruv Soni |
+44 (0) 203 727 1000 |
About AFC Energy
AFC Energy plc is commercialising scalable "flex fuel" fuel cell systems, to provide clean electricity for on and off grid applications. The technology, pioneered over the past twelve years in the UK, is now deployable in electric vehicle chargers, off-grid decentralised power systems and data centre applications with emerging opportunities across maritime and rail as part of a portfolio approach to the decarbonisation of local electricity needs.