Powerhouse Enrgy Grp Directorate Change
17 Maggio 2022 - 11:16AM
UK Regulatory
TIDMPHE
Powerhouse Energy Group plc
("Powerhouse" or the "Company")
17 May 2022
Directorate Change
The Company announces that Russell Ward has informed it of his intention to
resign from the board and from his position as Non-Executive Chairman.
To support a transition, Russell has agreed to remain in position until Friday
10th June 2022 while the board considers its succession options, and to
continue to support the Chief Executive Officer. The announcement of a
successor will be made in due course.
Russell Ward said: "I am leaving for personal reasons and I wish the Company
every success, as you now have a very experienced CEO in place along with a
strong Board".
Paul Drennan-Durose, Chief Executive Officer of the Company, said:
"Russell has already had an influence on the business in the short time he and
I have been with the Company, and I am grateful for the support and guidance
given to me and to colleagues. Naturally, I am disappointed he has decided to
leave, but he will do so with the profound thanks and best wishes from the
board, and from key stakeholders we have quickly built relationships with."
-ENDS-
For more information, contact:
Powerhouse Energy Group plc Tel: +44 (0) 203 368 6399
Paul Drennan-Durose
WH Ireland Limited (Nominated Adviser) Tel: +44 (0) 207 220 1666
James Joyce / Megan Liddell
Turner Pope Investments (TPI) Ltd (Joint Tel: +44 (0) 203 657 0050
Broker)
Andrew Thacker / James Pope
SisterSmith PR (media enquiries)
Becca Smith Mob: +44 (0) 7766522305
Notes to Editors:
About Powerhouse Energy Group plc
Powerhouse has developed a proprietary process technology - DMG® - which can
utilise waste plastic, end-of-life-tyres, and other waste streams to convert
them efficiently and economically into syngas from which valuable products such
as chemical precursors, hydrogen, electricity, and other industrial products
may be derived.
Powerhouse's process produces low levels of safe residues and requires a small
operating footprint, making it suitable for deployment at enterprise and
community level.
Powerhouse is quoted on the London Stock Exchange's AIM Market under the
ticker: PHE and is incorporated in the United Kingdom.
For more information see www.powerhouseenergy.co.uk
END
(END) Dow Jones Newswires
May 17, 2022 05:16 ET (09:16 GMT)
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