The green hydrogen company H2PLT has appointed Dutch banker Albert Maasland, former CEO of Saxo Bank in the United Kingdom and the British listed CAB Payments, as an independent member of its board of directors, the company reported this Monday, which a few weeks it requested admission to trading on BME Scale Up, the new trading segment of the Spanish Stock Exchange.

The green hydrogen firm has highlighted in a statement Maasland’s experience in the banking sector, in which he has been working for four decades.

Thus, he was CEO of CAB Payments, which was listed on the London Stock Exchange in July 2023 with a valuation of £851 million. Previously, he was CEO of Saxo Bank UK and has held senior management positions at Standard Chartered Bank, Deutsche Bank, HSBC Markets and Chase Manhattan Bank.

In addition, he has been a member of the board of directors of EASDAQ NV and Equiduct PLC; CEO and independent director of Knight Capital Europe, and independent director of BlackTree Investment Partners and International Investment Research PLC.

Maasland has a degree in Commerce and Economics from the University of Toronto, Trinity College, and a member of the International Leadership Council at the University of Toronto.

Sisco Sapena, founder and CEO of H2PLT, highlighted that the incorporation of Albert Maasland to the H2PLT board “is a strategic milestone.” “His vast experience in financial markets will enrich our vision and our business strategy in the field of renewable energies,” he added.

Maasland’s appointment follows that of Carolina Martínez-Caro, former CEO of Julius Baer in Spain and vice president of Merrill Lynch, who was also recently appointed independent director of H2PLT.

In the next five years, H2PLT will seek to raise 85 million euros to expand its production capacity throughout Spain. The energy company’s team, made up of seven people, includes internationally renowned specialists in the field of fuel cells.