AFC Energy announced that Peter Dixon-Clarke has informed the Board of his decision to resign as Executive Director of the Company to pursue other interests. He will step down from both positions immediately but will continue as an employee of the Company until 31 December 2024 to ensure a smooth transition for the business. The company pleased to announced that Karl Bostock will replace Peter as Executive Director of the Company, effective 20 January 2025.Karl brings over 15 years of experience as a CFO in manufacturing, having previously held positions at Bulgin Limited and Coveris UK.At Bulgin, Karl worked with John Wilson who, as previously announced, will join as AFC Energy's CEO on 6 January 2025.

As well as significant finance experience, Karl has expertise in business partnerships in private equity-owned environments.