Directorate changes and appointment of Auditor
Proton Power Systems plc (“Proton” or the “Company”)
Proton Power Systems plc (AIM: PPS), the designer, developer and producer of fuel cells and fuel cell electric hybrid systems, announces the following changes of Director Responsibilities, effective from 20 December 2017:
Achim Loecher has resigned as Chairman and Company Secretary to pursue new challenges outside the Proton Group.
Helmut Gierse, a Non-Executive Director of the Company, is appointed as Chairman with immediate effect.
In addition to his Group Finance Director role, Roman Kotlarzewski will take on the function of Company Secretary.
Furthermore the Board of Proton today announces that it has appointed RMT Accountants & Business Advisors Ltd as its auditor following a comprehensive tender process.
Commenting on the changes, Dr. Nahab, CEO of Proton, said:
“The Board of Proton would like to thank Achim for his contributions to the Company.”
“We are pleased that Helmut Gierse agreed to take on the role of Chairman. His deep and relevant industry experience in various leadership roles has already proven to be very valuable to the Board.”
Proton Power Systems plc (AIM:PPS), the designer, developer and producer of fuel cells and fuel cell electric hybrid systems, now publishes its Annual Report for the year 2016.
For further information:Proton Power Systems plc Dr Faiz Nahab, CEO Ian Peden, Chairman, Tel: +49 (0) 162 101 64 70, www.proton-motor.de Stockdale Securities Limited Nominated adviser and broker, Tel: +44 (0) 20 7601 6100 Antonio Bossi / David Coaten, www.stockdalesecurities.com