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Ceres Power appoints former Vodafone executive as an independent non-executive director

Warren Finegold held the position of Group Strategy and Business Development Director and was a member of the Vodafone Group Executive Committee for 10 years

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He continued to act as an adviser to Vodafone's CEO and its board on strategic projects up until 2018

Ceres Power Holdings PLC (LON:CWR), a global leader in fuel cell technology and engineering, said it has appointed former Vodafone Group plc (LON:VOD) executive, Warren Finegold as an independent non-executive director with effect from 1 March 2020.

In a statement, the AIM-listed firm noted that, over a 30-year career, Finegold played an instrumental role in growing Vodafone into one of the world's largest telecoms companies.

READ: Ceres Power nets £38mln as Bosch increases stake to around 18%

It pointed out that, after joining the group in 2006, he held the position of Group Strategy and Business Development Director and was a member of the Vodafone Group Executive Committee for 10 years. He continued to act as an adviser to Vodafone's CEO and its board on strategic projects up until 2018.

Prior to joining Vodafone, Finegold was head of the technology team at Swiss investment bank UBS where he was one of Vodafone's principal M&A advisers.

The company said Finegold's experience in global markets, business growth and strategic leadership “will be very beneficial to Ceres as it seeks to leverage its asset-light licensing model to embed clean energy technology in a greater number of applications and geographies.”

Ceres Power chairman, Alan Aubrey commented: "I am delighted to welcome Warren to the Board of Ceres. Warren brings significant expertise in global business development and in supporting executive teams to drive strategic growth.

“In addition, his strong board experience and active knowledge of governance and regulatory matters will be helpful to Ceres during this period of expanding market opportunities. I am certain that Warren's appointment will bring huge value to the Board and I look forward to working with him.”

Quick facts: Ceres Power Holdings PLC

Price: 335 GBX

LSE:CWR
Market: LSE
Market Cap: £559.7 m
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