Business
Directorate Changes & Issue of Options
Directorate Changes & Issue of Options.
About this update from Powerhouse Energy Group Plc
[{"type":"text","content":"\n \nRNS Number : 4592L Powerhouse Energy Group PLC 01 August 2011 \n\n1 August 2011\n \nPowerHouse Energy Group plc\n \n(\"PowerHouse\", the \"Group\" or the \"Company\")\n \nDirectorate Changes, Issue of Options and Change of Registered Office\n \nPowerHouse Energy Group plc, (AIM: PHE) an alternative energy business specialising in the sale of zero-emission waste to energy equipment systems, announces the resignation of Julian Moore as Interim Finance Director of the Company and the appointment of Mark Johnston to the Board, as Finance Director of the Company, with immediate effect. Mr. Moore successfully completed his role as Interim Finance Director seeing the Company through its reverse listing stage onto the London AIM market and now intends to pursue his other business interests in South Africa.\nMr. Johnston, 52, trained and qualified as a Chartered Accountant in the London office of KPMG. He has spent 25 years in various finance functions in industry both in the UK and Europe and in both PLC and private companies. He was Finance Director of Kingfield Heath Limited from 2005 to 2010. Previously he spent three years as Finance Director of the James Hull Group Limited and was Finance Director of Simon Carves Limited, part of the publicly quoted Simon Group from 1997 to 2005. He has extensive experience in managing growth situations and negotiating and managing transactions.\nRoss Lyndon-James, Executive Chairman of Powerhouse Energy Group plc, commented:\n\"I would like to thank Julian for his contribution to the Company and in particular during the recent reverse takeover. The Board wishes him well in his future ventures in South Africa. I would also like to welcome Mark to the Board. His depth of experience will be of great benefit to the Company now that we are entering a rapid growth stage.\" \nUnder Schedule 2, paragraph (g) of the AIM Rules, the following information is disclosed:\n \nMr Johnston, aged 52, has the following directorships:\n \n\n\n\n\nCurrent Directorship\n \n\n\n\n\nJohnston & Young Property Development Limited\n \nPast Directorships\n \nBrady & Hunt Limited\nCaboodle Office Supplies Limited\nISA Group Limited\nISA Retail Limited\nJohn Heath & Co Limited\nJohn Heath (Holdings) Limited\nKaye Office Supplies Limited \nKin...