Sheffield’s ITM gets new Linde board representative

Sheffield-based green hydrogen and energy storage firm ITM Power said Matthias von Plotho has been appointed a non-executive director.

He replaces Jürgen Nowicki, who has resigned from the board. Nowicki served as Linde’s nominated board representative since November 2019, following Linde’s acquisition of its stake in ITM, which currently stands at 16.2%.

“Matthias joined Linde in 2001 as Team Lead Accounting and subsequently held different positions in Finance & Controlling,” said ITM.

“In 2003, he was appointed Global Head of M&A for Linde AG and was named Head of Finance & Control EMEA in 2010.

“He assumed his current role as Senior Vice President Finance EMEA at Linde Gas after Linde’s merger with Praxair in 2019.”

ITM chairman Roger Bone said: “I would like to thank Jürgen for his valuable contribution over the past five years.

“We are delighted to welcome Matthias to the board of ITM and look forward to working with him to deliver long-term sustainable value for our shareholders.

“His financial and strategic experience will add significant value to the business, as will his deep understanding of the wider industry in which ITM operates, especially given his current role at Linde Gas.

“His appointment also maintains our strong relationship and collaboration with our largest shareholder.”