Ballard Appoints Dennis Campbell President/COO

July 15, 2002 by Jeff Shepard

Ballard Power Systems Inc. (Vancouver, BC) announced the appointment of Dennis Campbell as President and Chief Operating Officer effective July 22, 2002. Campbell comes to Ballard after a 30-year career encompassing manufacturing in automotive, plastics, power generation, helicopters, specialty compressors and filter systems. As part of Ballard’s management succession plan, Campbell will take on the position of chief executive officer on March 31, 2003, when Firoz Rasul becomes executive chairman of the board of directors.

"We are pleased to welcome Dennis Campbell to the Ballard team as president and chief operating officer," said Ballard Chairman and CEO Firoz Rasul. "As Ballard is evolving to become a commercial manufacturer of fuel cell products, it is undergoing dramatic change. In the past 12 months, Ballard has made three major acquisitions, is completing a major reorganization and is now focused on commercial product introduction. Dennis’ experience and capabilities in product development, manufacturing, business processes and building lasting customer relationships match the requirements to lead Ballard into its next stage – mass commercialization."

Campbell commented, "The opportunity to join Ballard is exciting not only because fuel cells can solve many of the world’s pressing environmental issues but because of Ballard’s ability to become a highly successful business. Ballard has assembled a strong management team, dedicated and talented

employees, committed strategic partners, formidable technology position and financial strength, all of which we can use to convert Ballard’s leadership position into great commercial success."