Powerhouse Energy Group plc
("Powerhouse" or the "Company")
15 November 2023
Directorate Change
The Company announces that Tony Gardner-Hillman has notified his intention to resign from his position as Non-Executive Chairman and from the Board.
To support a transition, Tony has agreed to remain in position until Friday 15th December 2023. This will ensure a smooth handover to David Hitchcock who will be Tony's temporary succesor and enable Tony to continue through that period to support the acting Chief Executive Officer. The announcement of a permanent successor will be made in due course.
Tony Gardner Hillman said:
"I have thoroughly enjoyed working with the team and my time at Powerhouse. Through my tenure I have worked to help the business identify and protect against the challenges it shares with many early-stage businesses and become more robust. I hope I have made a positive mark. However, I have now decided that I need to relinquish my position and I wish the Company and the team every success in the future."
Paul Emmitt, Acting Chief Executive Officer of the Company, said:
"Tony has had a significant beneficial influence on the business in the short time he has been with the Company, and I am grateful for the support and guidance he has given to me and to the Board. Naturally, I am disappointed he is leaving, but he will do so with thanks and best wishes from the Board, and from key stakeholders with whom he quickly built positive relationships."
-ENDS-
For more information, contact:
| Powerhouse Energy Group plc | Tel: +44 (0) 203 368 6399 |
| Paul Emmitt | |
| | |
| WH Ireland Limited (Nominated Adviser) | Tel: +44 (0) 207 220 1666 |
| James Joyce / Megan Liddell | |
| | |
| Turner Pope Investments (TPI) Ltd (Joint Broker) | Tel: +44 (0) 203 657 0050 |
| Andrew Thacker / James Pope | |
| | |
| Tavistock Communications (Financial PR) Nick Elwes Simon Hudson Saskia Sizen | Tel: +44 (0) 20 7920 3150
|
Notes to Editors:
About Powerhouse Energy Group plc
Powerhouse Energy has developed a process technology 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, heat and other industrial products may be derived.
Powerhouse Energy'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 Energy is quoted on the London Stock Exchange's AIM Market under the ticker: PHE and is incorporated in England and Wales.
For more information see www.phegroup.com
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