29 January 2010
ITM Power Plc
("ITM" or "the Company")
Appointment of Chief Financial Officer
The Board of ITM, the energy storage and clean fuel company, is pleased to announce the appointment of Barry Cunliffe, 44, as Chief Financial Officer with immediate effect. He will be based at the Company's facility and offices in Sheffield.
Originally from St Helens, Lancashire, Barry is a chartered accountant with over 15 years' experience in industry, most recently as Finance & HR Director at the privately owned Italian metals business Sogepar Group. Prior to Sogepar, Barry was Financial Controller, International Projects for Kvaerner. For the last three months Barry has been the Interim CFO at ITM while the Company conducted a search, both internal and external, for the permanent role.
Dr Graham Cooley, Chief Executive Officer of ITM, commented, "I am really pleased to welcome Barry to the team at ITM. His recruitment process was ideal from our point of view, giving us the chance to work closely with Barry during his term as interim CFO. He has all the financial skills and experience that we need and his industrial background means that he has an unusually broad skill set. This will enable him to contibute more than just financial advice to the Company."
For further information please visit www.itm-power.com or contact:
ITM Power Plc
Graham Cooley, CEO
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0114 244 5111
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Panmure Gordon & Co.
Andrew Godber
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020 7459 3600
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Tavistock Communications
Simon Hudson / Andrew Dunn
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020 7920 3150
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