ITM Power (LSE:ITM) has confirmed that Jürgen Nowicki has formally assumed the role of non-executive chair with effect from 15 January 2026. He succeeds Sir Roger Bone, who has stepped down after overseeing ITM Power’s transition from a development-stage business to a commercial leader in electrolyser technology.
The board said Nowicki’s extensive experience across the industrial and energy sectors is expected to reinforce operational discipline, governance standards and execution as the company progresses its growth strategy. His appointment comes at a pivotal stage for ITM Power as it seeks to consolidate its position within the rapidly expanding green hydrogen market and navigate a period of increased industry competition and scale-up activity.
From an investment perspective, ITM Power’s outlook continues to be shaped by financial headwinds, including ongoing losses and negative cash flow. While recent updates and earnings commentary have highlighted strong revenue growth, a growing contract backlog and longer-term strategic opportunities, technical indicators and valuation metrics remain cautious. Operational efficiency and broader market challenges remain key areas of focus as the company works toward sustainable profitability.
More about ITM Power
ITM Power was founded in 2000 and has been listed on London’s Alternative Investment Market since 2004. The UK-based company designs and manufactures proton exchange membrane (PEM) electrolysers that use renewable electricity and water to produce green hydrogen, positioning it as a key technology provider in the global transition toward net-zero energy systems.
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