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Powerhouse Energy seeks new chief executive after boss decides to step down to focus on delivering Protos plant

David Ryan requested to concentrate specifically on the technology, delivering the application on the Protos project and on building Powerhouse's executive management and operating teams

Powerhouse Energy Group PLC - Powerhouse Energy seeks new chief executive after boss steps down to focus on delivering Protos plant

Powerhouse Energy Group PLC (LON:PHE) is seeking a new chief executive after David Ryan decided to step down from the role in June 2021 though he will remain at the company as a consultant.

Ryan will focus on the completion and commissioning of the DMG plant at Protos, the firm commercialising hydrogen production from waste plastic said.

READ: Powerhouse Energy to team up with Hydrogen Utopia in Poland

Ryan requested to concentrate specifically on the technology, delivering the application on the Protos project and on building Powerhouse's executive management and operating teams, so he will relinquish responsibility for PR, IR, stock market relations and for some international business development work.

During the transitional period, non-executive chairman Tim Yeo will drop the ‘non’ from his title and take over Ryan’s duties.

“Powerhouse is at a critical stage of its development, we are a company poised for growth in the next decade,” said Ryan in a release.

“I believe that putting the team in place for that delivery during the project in coming months will have the benefit of providing them with the delivery experiences to guide future decisions.”

“My challenge will be to concentrate on the key issues to deliver an operating process to specification and to nurture a younger team to deliver growth for the next decade.”

Quick facts: Powerhouse Energy Group PLC

Price: 3.24 GBX

LSE:PHE
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Market Cap: £120.37 m
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