ITM Power (AIM: ITM), a manufacturer of electrolysers for the green hydrogen industry, has unveiled its new chief executive.
With effect from December 1, Dennis Schulz will take over at the helm of the Sheffield-based company.
It follows the announcement in September that former CEO, Graham Cooley, would be stepping down after a decade.
Mr Schulz said: “I believe in ITM’s core technology and in the important role green hydrogen will play in the energy transition. I welcome the opportunity to help ITM steer a successful path from the development of first-of-a-kind technology to becoming a highly efficient and reliable technology and manufacturing company. The potential is enormous and I look forward to leading the company at this crucial stage in its development.”
© Supplied by ITM PowerMr Schulz moves to ITM from Linde Engineering, a division of Linde, in Dresden, Germany, where he has been managing director since 2020.
He brings with him over 14 years of experience working with the company across a wide variety of functions including project execution, head of strategy and chief financial officer.
In his current capacity Mr Schulz has been closely involved in ITM’s strategic relationship with Linde, establishing strong relationships with the company.
He has, in particular, significant experience in the market for green hydrogen and decarbonisation, holding an MSc degree and an executive MBA.
Sir Roger Bone, chairman of, said: “I am delighted to appoint Dennis as our next CEO. We undertook a thorough search process with several high calibre candidates and we have no doubt that Dennis has the right experience, skills and enthusiasm to take ITM Power to the next phase in its development. He knows the Company and technology well and is ideally qualified to help ITM reach its full potential. He will be warmly welcomed in Sheffield.”
Adam Forsyth, a renewables expert at Longspur Research, said: “ITM’s new CEO shows a wealth of experience in the market for green hydrogen and decarbonisation building on 14 years with Linde Engineering. He is taking up his role on 1st December allowing him to make an early start on running the company.”
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