| After
eight years service with ITM Power plc, Dr Jonathan Lloyd has indicated
his desire to relinquish his main board directorship as he looks toward
retirement. Dr Lloyd, in his role as Director of Engineering, will continue
to work at ITM as a full time employee of the Company for a period of around
six months to conclude his present projects, after which time he will assume
a consultancy role to the Company.
Dr Lloyd was a founder director
of ITM and will still remain a major shareholder. Through careful succession
planning, Dr Lloyd's role will be filled by scientists and technicians
from within the Company when his consultancy role is assumed.
Commenting on Dr Lloyd's retirement,
Jim Heathcote Chief Executive of ITM said:
"We would like to thank Jonathan
for his contribution to ITM over the past eight years. The Company is pleased
that Jonathan will continue to assist the business in a new role as consultant
to ITM."
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