– CANADA, Mississauga – Hydrogenics Corporation (NASDAQ:HYGS; TSX:HYG), a leading developer and manufacturer of hydrogen generation and hydrogen-based fuel cell modules, today announced that Pierre-Etienne Franc has been appointed to the Hydrogenics Board of Directors effective immediately. This appointment was provided for in the private placement that closed on January 24, 2019 between Hydrogenics and The Hydrogen Company, an indirect wholly-owned subsidiary of L’Air Liquide S.A.
“We are very pleased to welcome Pierre-Etienne to our Board of Directors,” said Doug Alexander, Hydrogenics’ Chairman. “His business acumen, in-depth understanding of the hydrogen space, and strategic mindset will be invaluable to Hydrogenics as we move through the current phase of scale-up in our Company.”
About Pierre-Etienne Franc
Pierre-Etienne Franc joined the Air Liquide Group in 1995. Since 2010, he has been supervising a portfolio of advanced businesses and technology initiatives for the Air Liquide Group in the fields of energy and the environment, space, aeronautics and cryogenics. Since June 2017, Mr. Franc has held the position of Vice President in charge of developing the full potential of hydrogen activities worldwide for the Air Liquide group. He also supervises Air Liquide’s venture capital arm, created in 2013. He is the Hydrogen Council Secretary since its creation, a global initiative of leading companies, co-chaired by Air Liquide, with a united long-term ambition to foster the growth of hydrogen energy. Mr. Franc is the author of three books on management and technology and is a graduate of HEC Paris.
“I am delighted to join the Board of Directors of Hydrogenics,” added Mr. Franc. “The Air Liquide Group has been a pioneer in the development of the hydrogen industry and, like Hydrogenics, is convinced that the sector will play a key role in the fight against global warming. Hydrogen provides a concrete response to the challenges of sustainable mobility and local pollution in urban areas. I look forward to contribute with my experience and vision from the industry in my new role with the Company.”
Hydrogenics Corporation is a world leader in engineering and building the technologies required to enable the acceleration of a global power shift. Headquartered in Mississauga, Ontario, Hydrogenics provides hydrogen generation, energy storage and hydrogen power modules to its customers and partners around the world. Hydrogenics has manufacturing sites in Germany, Belgium and Canada and service centers in Russia, Europe, the US and Canada.
For more information : https://www.hydrogenics.com
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