Oracle Power PLC announced that with immediate effect, the retirement as Interim Chairman of Mr. Anthony Scutt, and the appointment in his place of Mr. Mark Steed, currently a non-executive director. It is the intention to appoint a permanent chairman following financial close, at which point the Board will further consider its composition to meet the challenges going forward. Mr. Scutt remains a non-executive Director and resumes his role as Senior Independent Director.