The Board of Ceres Power (AIM: CWR.L) is pleased to announce the appointment of David Pummell as
Chief Executive Officer. He will take up the post on 5 September 2011.
From 2008 to April 2011, David was Chief Executive Officer of MAPS Technology Ltd, which designs,
develops and manufactures non-destructive testing equipment using unique stress management
technology. David developed the company from an early-stage technology venture into a commercially
successful business selling high value engineered products and services into multiple industrial sectors,
including energy. As part of this growth, he delivered strategic partnerships in the oil and gas, aerospace
and transport sectors securing the company’s commercialisation plan. David successfully oversaw the
acquisition of MAPS Technology by the General Electric Company, in April 2011.
Prior to joining MAPS, David held a number of senior executive roles at BP. These included leading the
European fuels and lubricants marketing business, directing the restructuring of BP’s global refining and
marketing businesses and setting up a new fuels and lubricants business in the Middle East. David has
also held a number of senior roles with responsibility for manufacturing, distribution and operations
performance within BP’s downstream business. David has a degree in Chemical Engineering.
Brian Count, currently Executive Chairman, will become Non-Executive Chairman of the Company on 5
September 2011.
Dr. Brian Count, Chairman of Ceres Power commented:
‘David will bring directly relevant experience to Ceres Power as the Company moves towards product
launch. He has a strong track record in successfully developing and growing new technology businesses
and in operational delivery.’
David Pummell commented:
‘I am delighted to join Ceres Power as Chief Executive Officer. I am excited by the global potential of the
CHP product and the opportunity to lead the introduction of this disruptive energy technology. Ceres
has faced a number of recent challenges, but I am confident that we can successfully commercialise the
Company’s CHP product and deliver significant shareholder value.’2
Disclosures under AIM Rule 17
David William Pummell, aged 48, is or has been a director of the following companies during the
The Board of Ceres Power (AIM: CWR.L) is pleased to announce the appointment of David Pummell as Chief Executive Officer. He will take up the post on 5 September 2011. From 2008 to April 2011, David was Chief Executive Officer of MAPS Technology Ltd, which designs, develops and manufactures non-destructive testing equipment using unique stress management technology. David developed the company from an early-stage technology venture into a commercially successful business selling high value engineered products and services into multiple industrial sectors, including energy. As part of this growth, he delivered strategic partnerships in the oil and gas, aerospace and transport sectors securing the company’s commercialisation plan. David successfully oversaw the acquisition of MAPS Technology by the General Electric Company, in April 2011.
Prior to joining MAPS, David held a number of senior executive roles at BP. These included leading the European fuels and lubricants marketing business, directing the restructuring of BP’s global refining and marketing businesses and setting up a new fuels and lubricants business in the Middle East. David has also held a number of senior roles with responsibility for manufacturing, distribution and operations performance within BP’s downstream business. David has a degree in Chemical Engineering. Brian Count, currently Executive Chairman, will become Non-Executive Chairman of the Company on 5 September 2011.
Dr. Brian Count, Chairman of Ceres Power commented:
‘David will bring directly relevant experience to Ceres Power as the Company moves towards product launch. He has a strong track record in successfully developing and growing new technology businesses and in operational delivery.’
David Pummell commented:
‘I am delighted to join Ceres Power as Chief Executive Officer. I am excited by the global potential of the CHP product and the opportunity to lead the introduction of this disruptive energy technology. Ceres has faced a number of recent challenges, but I am confident that we can successfully commercialise the Company’s CHP product and deliver significant shareholder value.’
