ITM Power (LSE:ITM) has announced that all resolutions were successfully approved at its Annual General Meeting. Among the key decisions was the appointment of BDO LLP as the company’s new auditor, effective immediately, replacing Grant Thornton LLP.
The AGM also marked notable changes in the board’s composition, with Sir Warren East and John Howarth joining as Non-Executive Directors. These appointments signal a potential shift in governance strategy and oversight, which could influence ITM Power’s future operations and engagement with stakeholders.
While the company continues to face financial pressures — particularly around profitability and cash flow — recent earnings updates offered some encouraging signs, including revenue growth and strategic progress. Technical indicators and valuation metrics, however, remain subdued.
About ITM Power
Founded in 2000 and listed on the AIM market of the London Stock Exchange since 2004, ITM Power is headquartered in Sheffield, England. The company specializes in the design and manufacture of electrolysers based on Proton-exchange membrane fuel cell (PEM) technology to produce green hydrogen from renewable electricity and water, supporting the transition to net-zero energy solutions.
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