Sir John Sunderland appointed to Board

RNS Number : 9276Y

AFC Energy Plc

08 March 2012

 



AFC Energy PLC

("AFC Energy" or the "Company")

Sir John Sunderland joins AFC Energy as Non Executive Director

AFC Energy (AIM: AFC), a leading developer of low-cost alkaline fuel cell technology, is pleased to announce the appointment of Sir John Sunderland as a non-executive director of the Company. Sir John joins the board with immediate effect.

Sir John, aged 66, is a widely respected industry and City figure with a distinguished career spanning more than 40 years in leadership roles. He is best known as the former chief executive and later as chairman of Cadbury Schweppes plc, where he steered the confectionery and beverage company through a period of major change and growth. He retired as chairman of Cadbury in 2008 after 40 years with the company.

He is currently a non-executive director of Barclays Bank plc, an adviser to CVC Capital Partners and chairman of the management board of Merlin Entertainment Group. From 2004 to 2006, he served as President of the Confederation of British Industry.

He is a Fellow of the Royal Society of Arts and was knighted in the Queen's Birthday Honours 2006, for services to business. He is the Chancellor of Aston University.

Tim Yeo, Chairman of AFC Energy plc, commented: "We are delighted to have attracted someone of Sir John's calibre and experience to our board. We expect his many years of experience leading global businesses to help us take AFC forward."

Sir John commented: "AFC is at an exciting stage of its journey from the development of a large scale fuel cell to its commercialisation. I am delighted to be joining the Board and look forward to working with it and the management to realise this ambition."

Sir John Michael Sunderland is or has been a director of the following companies in the last five years:

Current directorships	Previous directorships
Barclays plc Barclays Bank plc John Sunderland Associates Limited Peninsula Heights Freehold Limited Peninsula Heights Management Company Limited	Cadbury Holdings Limited Cadbury Limited Camelot Entertainments plc The Financial Reporting Council Limited

Sir John holds 370,270 ordinary shares in the Company.

For further information, please contact:

AFC Energy plc Ian Williamson, Chief Executive Ian Balchin, Deputy Chairman	[phone]
Luther Pendragon Neil Thapar Leigh Marshall Alexis Gore	[phone]
Allenby Capital - Nominated Adviser and Broker Jeremy Porter Dan Robinson	[phone]

About AFC Energy

Founded in 2006, AFC Energy plc is re-engineering proven alkaline fuel cell technology to reduce the cost of electricity. Alkaline fuel cells have been used on US and Russian manned space missions for decades to provide electrical power and drinking water. By using modern materials, design tools and manufacturing processes at scale, AFC Energy is developing fuel cells that will compete with conventional technologies such as turbines for electrical power generation. Today, AFC Energy is pursuing opportunities in several sectors where hydrogen is readily available including the chlorine, clean coal and waste-to-energy industries as well as applications for distributed/back-up power. For further information, please visit our website: www.afcenergy.com.

About fuel cells

 A fuel cell is a device that produces electricity, heat and water by reacting a hydrogen-rich fuel with oxygen.  Conventional engines and turbines combust fuel to produce mechanical energy prior to generating electricity.  The direct generation of electricity allows fuel cells to be highly energy efficient.  There are several different types of fuel cell, each with its own characteristic, but they are all based around a common central design.  Fuel cells are increasingly being deployed for applications ranging from vehicles; domestic boilers; powering portable equipment; and large scale power stations.

 

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