First Hydrogen Corp (TSX-V:FHYD)
Shares Issued 58,993,097
Last Close 6/1/2022 $2.65
Thursday June 02 2022 - News Release
Mr. Balraj Mann reports
FIRST HYDROGEN ADDS D'AMICIS TO THE UK TEAM
First Hydrogen Corp. has appointed Carlo Alberto D'Amicis as chief financial officer of First Hydrogen Ltd., to support the automotive and energy company's growth. Mr. D'Amicis joins First Hydrogen from RHI Magnesita N.V., a global leader in refractories with annual revenues of €2.5 billion, listed on the London Stock Exchange, where he led a 120-person global finance team situated in over 15 countries as a Senior Finance Executive. Mr. D'Amicis held the position of CFO Americas for RHI Magnesita; his responsibilities included integration of the business post-merger between RHI and Magnesita, which provided him with valuable experience in restructuring their business and developing shared service centers while helping to drive consistent gross margin expansion.
Prior to RHI Magnesita, Mr. D'Amicis was a Senior Finance Executive for Magnesita where he helped the business toward the successful merger with RHI and the subsequent IPO on the London Stock Exchange. Mr. D'Amicis has also held senior management positions at PwC and KPMG; and is a Certified Accountant and a Certified Public Auditor in the Italian Public Register.
Having worked for international engagements for public companies listed in Europe, the UK and the U.S., Carlo brings extensive experience in leadership, corporate strategy, listings and transactions including M&A and carve-outs. In his role at First Hydrogen Limited, Carlo will support the Company's C-suite to deliver its first hydrogen-powered light commercial vehicles (LCVs) and establish environmentally sustainable green hydrogen production sites. Mr. D'Amicis' experience will also hugely contribute to First Hydrogen's long-term strategy: developing a full hydrogen solution company with Green Hydrogen production, hydrogen vehicle production and hydrogen mobility fuel delivery services and make the transition to zero emissions transport easy and affordable for its customers.
Nick Wrigley, Chairman at First Hydrogen, says: "Carlo's appointment signifies further growth for First Hydrogen as the company goes to the next stage in its development. We are at an exciting point where our first hydrogen fuel cell demonstrator vehicles will start testing in the next few months and we are establishing our first green hydrogen production sites in the UK. At the same time, government and investor attention is on hydrogen as part of the solution to the global carbon challenge. Carlo has great experience in leading multinational companies and will support us to take the company further in its mission to secure a zero-emission future."
Carlo Alberto D'Amicis, Chief Financial Officer for First Hydrogen Automotive, comments: "I am proud and excited to be joining First Hydrogen as Chief Financial Officer. With carbon neutrality becoming one of the world's most urgent missions, First Hydrogen will play a key role in decarbonizing the transport industry. This is a unique opportunity to be part of a forward-thinking and game-changing company with a truly talented international team fully committed to the development of a more sustainable future. I am excited and privileged to start this new journey and help First Hydrogen build the path toward a zero-emission value chain."
About First Hydrogen Corp. (FirstHydrogen.com)
First Hydrogen Corp. is a Vancouver and London UK-based company focused on zero-emission vehicles, green hydrogen production and distribution and supercritical carbon dioxide extractor systems. The Company is designing and building hydrogen-fuel-cell-powered light commercial demonstrator vehicles ("LCV") under two agreements with AVL Powertrain and Ballard Power Systems Inc. The LCV will have a range of 500+ kilometres. At the same time, the company has launched its bespoke vehicle design phase which will develop its fleet of proprietary zero emission vehicles. First Hydrogen is also developing refueling capability working with FEV Consulting GmbH, the automotive consultancy of FEV Group of Aachen Germany. The Company is also pursuing opportunities in green hydrogen production and distribution in the UK and elsewhere.
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