Appointment of a Non-executive Director

RNS Number : 0131C

Ceres Power Holdings plc

16 June 2021

 

16 June 2021

Ceres Power Holdings plc

Appointment of Julia King, Baroness Brown of Cambridge, as a Non-executive Director

Horsham, UK: Ceres Power Holdings plc ("Ceres", the "Company") (AIM: CWR.L), a global leader in fuel cell and electrochemical technology, announces the appointment of Professor Dame Julia King, Baroness Brown of Cambridge DBE FREng FRS, as an independent Non-executive Director effective from 17 June 2021 immediately following the Company's Annual General Meeting.

Baroness Brown is an engineer with immense experience across industry and government. In particular, her focus on climate change adaptation and mitigation and the low carbon economy hold great relevance for Ceres as it seeks to position itself as a global leader in solid oxide technology to address the challenges of climate change and air quality.

Following an academic career at Cambridge University, Julia held senior engineering and business roles at Rolls-Royce between 1994 and 2002, before returning to academia as Principal of Engineering at Imperial College and then as Vice Chancellor and Chief Executive of Aston University from 2006-2016.   She is currently Chair of The Carbon Trust, a non-executive director of Ørsted, Chair of the Adaptation Committee of the Climate Change Committee and a member of the BEIS Hydrogen Advisory Council.

Julia is passionate about education and engineering and contributed to the Browne report on university funding and to Lord Stern's review on the research excellence framework. She Chairs STEM Learning Limited and is the Chair of the Governing Board at the Henry Royce Institute for Advanced Materials.

Julia is a Fellow of the Royal Academy of Engineering, a Fellow of the Royal Society and was awarded a DBE for services to higher education and technology. In 2015 she was elevated to her Peerage as the Baroness Brown of Cambridge and sits as a Crossbench Peer in the House of Lords where she is a member of the Science and Technology Select Committee.

Warren Finegold, Chairman of Ceres Power Holdings plc, commented: "It is a pleasure to welcome Julia to the Board of Ceres. Her long and distinguished career across industry and academia is not only impressive, but also incredibly relevant to Ceres' ambition to deliver clean energy technology to enable a net zero future. We very much look forward to working with her."

Baroness Brown of Cambridge said of her appointment: "Developing new technologies and taking those technologies to scale and down their cost reduction path is absolutely critical in meeting the goal of limiting global warming to well below 2, preferably 1.5 degrees Celsius.  Ceres is an excellent example of a technology that has spun out of our world-leading research base in the UK that can really make a difference on our path to Net Zero. I am delighted to be joining the Board and to be working with the team to demonstrate how we can and should be leading in the deployment of UK technology globally."

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For further information visit ceres.tech or contact:

Ceres Power Holdings plc Elizabeth Skerritt		Tel: [phone]
Investec Bank PLC (NOMAD & Joint Broker) Jeremy Ellis / Patrick Robb/ Ben Griffiths		Tel: [phone]
Berenberg (Joint Broker) Ben Wright / Mark Whitmore		Tel: [phone]
Madano Harry Spencer/ Lewis Popplewell		Tel: [phone]

About Ceres Power

Ceres is a world-leading developer of next generation solid oxide fuel cell (SOFC) and electrochemical technology. Its asset-light, licensing model has seen it establish partnerships with some of the world's largest engineering and technology companies, such as Weichai in China, Bosch in Germany, Miura in Japan, and Doosan in South Korea, to develop systems and products that address climate change and air quality challenges for transportation, industry, data centres and everyday living.  Ceres is listed on the AIM market of the London Stock Exchange ("LSE") (AIM: CWR) and is classified by the LSE Green Economy Mark, which recognises listed companies that derive more than 50% of their activity from the green economy.

Further regulatory disclosures

The following additional information is provided in accordance with Rule 17 and Schedule Two Paragraph (g) of the AIM Rules.

Julia Elizabeth King (age 66), Baroness Brown of Cambridge, is or has during the last five years been, a director or partner of the following companies and partnerships:

Current	The Carbon Trust
Current	Carbon Trust Advisory Limited
Current	Carbon Trust Enterprises Limited
Current	Carbon Trust International Limited
Current	Carbon Trust Assurance Limited
Current	Offshore Renewable Energy Catapult
Current	Stem Learning Limited
Current	Ørsted A/S
Previous	Carbon Trust Investments Limited
Previous	West Midlands Growth Company Limited
Previous	Innovation Birmingham Limited
Previous	Birmingham Technology (Property) Limited
Previous	UK Green Investment Bank Limited
Previous	Birmingham Technology (Property One) Limited
Previous	Birmingham Technology (Venture Capital) Limited
Previous	IB (Birmingham) Limited

 

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