First Hydrogen Adds D'Amicis To the UK Team

VANCOUVER, BC / ACCESSWIRE / June 2, 2022 / First Hydrogen Corp. (" FIRST HYDROGEN " or the " Company ") (TSXV:FHYD) (OTC PINK:FHYDF) (FSE:FIT) has appointed Carlo Alberto D'Amicis as Chief Financial Officer of First Hydrogen Limited, 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."