Fuel cell system manufacturer Advent Technologies Holdings Inc. appointed its former chief investment officer Naiem Hussain as its new CFO, the company announced Jan. 11.

Hussain is replacing Kevin Brackman, who resigned from the position on Jan. 5, and brings to the position expertise in corporate finance, with a focus on IPOs, fundraisings and M&A within the energy technology and fuel cell industries.

Hussain previously served as an appointee director for Ceres Power Plc and contributed to the establishment of the fuel cell joint venture between Johnson Matthey and Anglo Platinum. He also led the initial fundraisings for Intelligent Energy Plc.

"I am thrilled to take on the role of CFO at Advent during this crucial phase for the company. Advent’s innovative fuel cell technology holds immense potential to become a crucial element in various hard-to-abate industries on their path to decarbonization,” Hussain said in the press release. “In the upcoming years, Advent is set to experience substantial growth through initiatives such as the Green HiPo IPCEI project, and I am eager to contribute my long experience in the fuel cell industry to the ongoing success and expansion of the company."