Ceres Power Holdings PLC (LON:CWR) has announced that, in line with board succession planning, its chairman, Alan Aubrey is standing down and that Warren Finegold, currently a non-executive director of the global leader in fuel cell technology will succeed him with immediate effect.
The group noted that Finegold joined the board of Ceres in March 2020 as an independent non-executive director. In his career, he has spent more than 20 years in Investment Banking and 10 years on the Vodafone Group Executive Committee.
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It said Finegold brings significant expertise in global business development as well as strong board experience and active knowledge of governance and regulatory matters.
On his appointment, in a statement, Finegold commented: "I am delighted to succeed Alan Aubrey as Chairman. Ceres is an excellent business, with a unique technology and a highly committed team of people. It faces an enormous opportunity to provide fuel cell technology to many industrial and domestic sectors at a time when the need for clean energy has never been clearer to governments, industry and consumers."
Aubrey has served as chairman of Ceres since December 2012 and will remain a non-executive director to ensure a smooth handover of responsibilities to Finegold before retiring from the board on September 28, 2020.
Aubrey commented: "Chairing Ceres has been a pleasure and a rare opportunity to build a UK technology company making meaningful strides in clean energy. I feel this is the right time to hand over to a new Chair to take the Company through the next phase of its growth. I am pleased we have someone of Warren's calibre and experience to take on this role and I am sure he will enjoy working with the Ceres management team. I wish Warren and the Board every success for the future."
Phil Caldwell, Ceres’ chief executive added: "Alan and Rob's contribution over the past few years has been instrumental in building Ceres into a global technology business with world-class partnerships. I am personally grateful to Alan for his unwavering support for me and the wider business over the past seven years and I know he will continue to follow Ceres' progress with interest. Warren has already fitted into the Board with ease and I look forward to working with him closely as we continue to build an exciting future for Ceres. "
The group also said Robert Trezona, a non-executive director who has served on the board of Ceres since championing IP Group Plc's investment into the business in 2012, will also step down from the board on September 28, 2020.