AMTE Power chief financial officer to leave

Thurso-based battery cell developer AMTE Power plc announced that its chief financial officer (CFO) James Hobson intends to leave the firm to take up the role of CFO at Clean Power Hydrogen Plc (CPH2).

Hobson has worked at AMTE for less than a year.

“He will leave AMTE no later than the 30 November 2022 and, in the meantime, will continue to play a full and active role in the business,” said AMTE.

The board will now begin the formal process to appoint a successor and the company will provide an update as and when appropriate.”

AMTE announced in July it chose Dundee as the preferred site for its first MegaFactory. The development at Michelin Scotland Innovation Parc would create 215 highly skilled on-site jobs and 800 jobs in the wider supply chain during development.

AMTE said it signed a binding Letter of Intent with Michelin Scotland Innovation Parc for the reservation of the site, ahead of a formal lease agreement to be signed in Q4 of 2022.

On August 5, AMTE Power shares rose after it announced it signed a memorandum of understanding (MoU) with automotive engineering company Cosworth to support the development of next-generation electric vehicles.

AMTE chairman David Morgan said: “We would like to thank James for his contribution to AMTE.

“He has been a valuable member of the AMTE team in the successful development of our route to commercialisation. 

“We wish him all the best for the future in his new role.”

Hobson said: AMTE is at an exciting time in its growth trajectory and I have enjoyed supporting the team reach this stage but I am now ready for a new challenge within the aligned market of green hydrogen power.

“I would like to wish everyone at AMTE all the best for the future.”

MFE”), is pleased to announce the appointment of James Hobson as Chief Financial Officer (“CFO”) and executive director. It is expected that James’ employment will be effective from 05 December 2022, at which point Clive Brook will retire as an executive director and CFO of the Company.

CPH2 said it is expected Hobson will join the Doncaster firm on December 5.

CPH2 CEO Jon Duffy said: We are excited to have James joining as CFO of CPH2.

“James’ expertise across the energy sector can be seen through his work with private and AIM listed companies across the past ten years and his knowledge will help us deliver on the opportunities ahead.

“We look forward to welcoming James in his new role soon. I would like to take this opportunity of thanking Clive for all his support over the years and speak on behalf of the entire CPH2 team in wishing him all the best in his retirement.”

Hobson said of his new role: “I am delighted to be joining CPH2 following its successful IPO in February.

“I believe CPH2 and its technology will have a significant role in the evolution of the hydrogen sector both in the UK and the wider world.

“The team has grown significantly this year and I look forward to supporting CPH2 in its future endeavours.”

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Mark McSherry
Dalriada Media LLC sites are edited by veteran news journalist Mark McSherry, a former staff editor and reporter with Reuters, Bloomberg and major newspapers including the South China Morning Post, London's Sunday Times and The Scotsman. McSherry's journalism has also appeared in The Washington Post, The Guardian, The Independent, The New York Times, London's Evening Standard and Forbes. McSherry is also a professor of journalism and communication arts in universities and colleges in New York City. Scottish-born McSherry has an MBA from the University of Edinburgh and a Certificate in Global Affairs from New York University.