AMTE Power Plc (LON:AMTE), a leading manufacturer of battery cells for specialist markets, has announced that, following its trading update on Tuesday 23 August which referred to broadening management team plans as part of the Group’s maturing status and planned transition from development into supply, Alan Hollis has been appointed to the Board of AMTE Power with effect from today.
Alan will initially work alongside the AMTE Power executive management team and it is the intention of the AMTE Power Board that he will take on the role of Chief Executive Officer on or around Monday 31 October 2022, to lead the business in its next stage plans to accelerate its growth strategy.
AMTE Power is also pleased to announce that, effective from the same date, Kevin Brundish (its CEO, who had founded the Company in 2013) will remain as a Board director in the capacity of Strategy Director, where he will focus on the continuing development of AMTE Power’s high performance battery cells, relationships with its customers, suppliers and Government entities, in addition to participating in the strategic direction of the Company.
Alan Hollis has a 20 year public company track record of developing and executing profitable growth strategies within engineering and manufacturing businesses with turnovers ranging from £4m-£200m.
In his last two roles he was a Divisional CEO in Videndum (Vitec) Group plc (“Videndum”) from 2015 to 2021, and a Divisional President in the UK in NYSE listed Crane Co. from 2014 to 2015. In Videndum, one of Alan’s portfolio businesses was the market leading cine and broadcast battery design & manufacturer Anton Bauer. Previously, Alan held leadership roles within the automotive and aerospace component and system supply businesses Doncasters Group, Firth Rixson and the PFW Group, as well as in the materials businesses of Delloro Stellite and Weir plc.
David Morgan, Chairman of AMTE Power, commented:
“I am delighted to welcome Alan to the board of AMTE Power. The business has reached a stage of maturity where we are transitioning from development to production, and as part of this transition we are executing our plan to broaden the executive team to enable the Company to deliver its growth plans.
“Alan’s leadership skills and track record in building high performing teams within a publicly listed manufacturing group will allow him to steer AMTE Power through its next phase of the business growth.
“His extensive experience of developing, constructing, and commissioning new production facilities will complement our team as AMTE Power grows its manufacturing footprint and capabilities at Thurso and Dundee.
“We are also delighted to retain Kevin’s proven expertise and know-how in driving the strategic direction of the Company, alongside his detailed knowledge of the product offerings and end-market applications which will fully complement Alan’s manufacturing experience. This appointment will enable Kevin to focus on the continued development of AMTE Power’s high performance cells and new product development, which will form a key part of the strategic direction of the Company.
“I look forward to working with both of them, in delivering AMTE Power’s ambitious growth plans.”
The following disclosures are made in accordance with Schedule 2(g) of the AIM Rules for Companies and Alan Hollis has confimed that there is no further information to be disclosed in this regard:
Full name (age):
Alan Charles Hollis (58)
Current directorships:
Pomeroys Interim Ltd
Previous directorships / partnerships (in the last five years):
Vitec Production Solutions, Inc (Now Videndum Production Solutions nc.)
Vitec Production Solutions, GmbH (Now Videndum Production Solutions GmbH)
Vitec Production Solutions Ltd (Now Videndum Production Solutions Ltd)
Vitec Production Solutions Ltda (Now Videndum Production Solutions Ltd) (Costa Rica)
Vitec Production Solutions Ltd (Japan) (Now Videndum Production Solutions Ltd)
Quasar Science LLD (Manager/President)
Autocue LLC
Litepanels LLC
