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ITM Power PLC - Sheffield, England-based energy storage and clean fuel company - Says Motive Fuels Ltd, an equal joint venture between ITM Power and Vitol Ltd, has appointed Jean-Marc Gales as its new chief executive officer from January 30, 2023.
Gales was most recently chair of Williams Advanced Engineering Ltd before its sale to Australian iron ore producer Fortescue Metals Group Ltd. He also led the successful turnaround of Norfolk-based carmaker Lotus Cars Ltd as CEO.
Chair of Motive Fuels and ITM Power, Roger Bone says: "Jean-Marc's experience in the sale of Williams Advanced Engineering to Fortescue demonstrate his passion for hydrogen mobility. ITM Power and Vitol look forward to working with Jean-Marc, a true automotive expert, in transitioning large vehicle mobility towards a cleaner, greener future."
Current stock price: 81.29 pence, up 1.7% on Monday
12-month change: down 84%
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