Business
Directorate change
Gelion plc announces the appointment of Matthew Wood as Chief Executive Officer, succeeding John Wood who retires from his executive role but will serve as a Senior Advisor. Matthew Wood brings extensive experience from Cabot Corporation, including P&L accountability for businesses up to $2 billion in revenue and a track record of scaling industrial manufacturing, particularly in battery materials. This leadership change signifies Gelion's transition from technology development to commercial scale-up, aiming to replace critical minerals in lithium-ion battery cathodes with its low-cost, abundant Nano-Encapsulated Sulfur (NES™) technology. The company plans to issue Matthew Wood options for 6,882,648 ordinary shares, representing 3% of the issued share capital, once the current close period concludes. Disclaimer*
About this update from Gelion Plc
30 June 2026 Gelion plc ("Gelion", "Company" or the "Group") Leadership and Board change Appointment of new CEO Gelion is seeking to replace the critical minerals in current Lithium-ion battery cathodes with Gelion's Nano-Encapsulated Sulfur (NES™) that are low cost and can be dropped into existing global manufacturing lines. Gelion's NES™ is made from sulfur which is abundantly available, free from supply chain constraints. Gelion plc (AIM: GELN), the sulfur battery company, today announces the appointment of Matthew Wood as Chief Executive Officer. John Wood will retire from his full-time executive role with immediate effect, following a successful tenure as CEO. John will step down from the Board, and the Company thanks him for his significant contribution. Matt joins the Board with immediate effect. Matt's appointment reflects the Group's current transition from a technology development organisation to a business focused on commercial scale-up. Matt, 44, is a UK national who, after six years at BP, has spent the bulk of his career with Boston-based Cabot Corporation (NYSE: CBT), a global specialty chemicals company producing carbon- and silica-based specialty materials for a range of industries including automotive and battery. In his 15 years with Cabot, he occupied a number of leadership positions including Vice President Global Marketing & Strategy, Battery Materials and, most recently, Senior Vice President & President, Reinforcement Materials. His roles included postings to Germany and China as well as the US where he lived until recently. Matt has held P&L accountability for businesses ranging from US$10 million to US$2 billion revenue. He is a results-driven business leader who has delivered rapid growth in complex and challenging markets with a track record of scaling industrial manufacturing businesses, including battery materials and managing partnerships with global players in Japan, Europe and the US. Outgoing CEO John Wood will continue to support Gelion as a Senior Advisor, assisting Matt Wood and the executive team with the continuity of key relationships, partnerships and corporate knowledge. Reflecting John's own comments, he will remain available to provide targeted support where his experience and relationships can...