ITM Power PLC (AIM:ITM) announced that it is deferring its trading update, originally planned for 8 December 2022, to give new chief executive officer Dennis Schulz time to assess the company's operations.
Schultz, whose appointment was announced last week, succeeds Dr Graham Cooley as the company's CEO with effect from today.
The energy storage and green fuel business said it plans to issue an initial strategic and operational update at the time of its interim results, which will be announced by the end of January next year.
The company also said it is in discussions with Cooley regarding their ongoing relationship, with the former CEO likely to be a consultant to ITM.