9 July 2024
DG
Innovate plc
("DG
Innovate", "DGI" or the "Company")
Appointment of Non-Executive
Director
DG Innovate (LSE: DGI), the advanced
research and development company developing pioneering solutions in
sustainable mobility and energy storage, is pleased to announce the
appointment of Mark Carleton as an independent Non-Executive
Director of the Company with immediate effect.
From 2003 to 2021, Mark held a
number of senior executive positions at Liberty Media, including
serving as Chief Financial Officer and leading Liberty's
acquisition of Formula One. Prior to this, Mark was a Partner at
KPMG, where he had overall responsibility for the communications
sector and served on the Board of Directors.
Mark is currently a senior advisor
to Mubadala Capital, which is part of the Abu Dhabi sovereign
wealth fund. He also sits on the Board of Reef Technology, the
largest operator of parking real estate and delivery kitchens in
North America, and serves as Chairman of the Limited Party Advisory
Committee of Alignment Growth Fund I LP, a growth stage investment
fund focused on the media and gaming sectors. He holds a
bachelor's degree in Accounting from Colorado State University and
is a Certified Public Accountant (retired).
Following Mark Carleton's
appointment, the Board of the Company comprises: Nicholas Tulloch
(Non-Executive Chairman), Peter Bardenfleth-Hansen (Chief Executive
Officer), Christian Eidem (Executive Director), Jochen Rudat
(Executive Director), Jack Allardyce (Chief Financial Officer), Sir
Michael Fallon (independent Non-Executive Director), Mark Carleton
(independent Non-Executive Director), Peter Tierney (Non-Executive
Director) and Trevor Gabriel (Non-Executive Director).
Commenting, Nick Tulloch, Chairman of DG Innovate,
said: "I am delighted to welcome Mark to the DG
Innovate Board, and I look forward to working with him. Mark has
overseen a number of significant acquisitions, and his extensive
M&A and global investment advisory experience will be hugely
beneficial to DGI as we progress our journey to build a significant
company in the sustainable mobility sector."
For
further information please contact:
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DG
Innovate plc
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C/O IFC
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Peter Bardenfleth- Hansen
(CEO)
Jack Allardyce (CFO)
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IFC
Advisory (Investor Relations)
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020 3934 6630
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Tim Metcalfe
Zach Cohen
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FGS
Global (Public Relations)
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020 7251 3801
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Rollo Head
Gordon Simpson
Alessandro M Rubin
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Grant Thornton UK LLP (Financial Adviser)
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020 7383 5100
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Samantha Harrison
Jamie Barklem
Ciara Donnelly
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Cavendish Capital Markets Limited (Corporate
Broker)
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020 7220 0500
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Adrian Hadden / George Lawson
(Corporate Finance)
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About DG Innovate
DG Innovate is an advanced research and development company pioneering
sustainable and environmentally considerate improvements to
electric mobility and storage, using abundant materials and the
best engineering and scientific practices. DG Innovate is currently
developing its products alongside a number of major manufacturers
across the transportation and energy sectors, research institutions
and the UK Government, and has filed numerous patents worldwide. DG
Innovate's current research and development activities are broadly
split into two areas, focusing on novel electric motor technologies
and energy storage solutions. Its two main products
are:
- Enhanced Drive Technology (EDT) -
High efficiency, cost-effective electric motors + power
electronics; and
- Enhanced Battery Technology (EBT)
- Sodium-ion batteries offering a sustainable energy storage
solution at similar/greater energy density to incumbent
technologies at a lower cost, increased safety with lower
environmental footprint.
Further information may be found
at: https://www.dgiplc.com
