CT Automotive Group PLC Directorate Change (6418J)
17 Août 2023 - 10:56AM
UK Regulatory
TIDMCTA
RNS Number : 6418J
CT Automotive Group PLC
17 August 2023
17 August 2023
CT AUTOMOTIVE GROUP PLC
("CT Automotive" or the "Company")
DIRECTORATE CHANGE
CT Automotive, a leading designer, developer and supplier of
interior components to the global automotive industry, announces
the appointment of Geraint Davies as an Independent Non-Executive
Director.
Geraint will be joining the Board on 18 September 2023 and will
become Chair of the Company's Audit and Risk Committee at the same
time, subject to the satisfactory completion of due diligence by
the Company's Nominated Adviser, Liberum Capital Limited.
Geraint is a Chartered Accountant with over 30 years' experience
as a Partner in the "Big Four" accounting firms, working
principally with global businesses in manufacturing, real estate,
mining, distribution and financial services. Prior to his
appointment, Geraint held senior leadership roles in EY's practices
in the Channel Islands, the UK, and most recently in Malta. He has
also previously held roles with PwC and Deloitte. Throughout his
career, Geraint has had specific responsibility for risk, both at
regional and national level, as well as leading on talent
development and senior recruitment. Geraint holds a degree in
Economics and Accounting from Bristol University.
Raymond Bench, Chairman of CT Automotive, said:
"We are delighted to welcome Geraint Davies to the Board and
look forward to working with him. Geraint's experience of working
in multi-cultural teams and geographies combined with his strong
assurance and accounting credentials are an excellent fit for CT
Automotive, and will complement the current mix of skills and
experience on our Board."
For further information please contact:
CT Automotive via MHP
Simon Phillips, Chief Executive
Officer
Anna Brown, Chief Financial
Officer
Liberum (Nominated Adviser and Tel: +44 (0)20 3100 2000
Broker)
Richard Lindley
Benjamin Cryer
MHP (Financial PR) Tel: +44 (0)78 3462 3818
Tim Rowntree CTAutomotive@mhpgroup.com
Charlie Barker
Veronica Farah
Notes to editors
CT Automotive is engaged in the design, development and
manufacture of bespoke automotive interior finishes (for example
dashboard panels and fascia finishes) and kinematic assemblies (for
example air registers, arm rests, deployable cup holders and
storage systems), as well as their associated tooling, for the
world's leading automotive original equipment suppliers ("OEMs")
and global Tier One manufacturers.
The Group is headquartered in the UK with a low-cost
manufacturing footprint. Key production facilities are located in
Shenzhen and Ganzhou, China complemented by additional
manufacturing facilities in Turkey, Mexico and the Czech
Republic.
CT Automotive's operating model enables it to pursue a price
leadership strategy, supplying high quality parts to customers at a
lower overall landed cost than competitors. This has helped the
Group build a high-quality roster of OEM end customers, both
directly and via Tier One suppliers including Faurecia and Marelli.
End customers include volume manufacturers, such as Nissan, and
luxury car brands such as Bentley and Lamborghini. In addition, the
Group supplies electric car manufacturers, including Lucid. It has
also recently started working with e.Go Mobile, a German
manufacturer which plans to launch a series of small electric
vehicles for the budget end of the market.
The Group currently supplies component part types to over 47
different models for 19 OEMs. Since its formation, the Group has
been the only significant new entrant into the market, which is
characterised by high barriers to entry.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
BOAKZGMRRNFGFZG
(END) Dow Jones Newswires
August 17, 2023 04:56 ET (08:56 GMT)
Ct Automotive (LSE:CTA)
Graphique Historique de l'Action
De Avr 2024 à Mai 2024
Ct Automotive (LSE:CTA)
Graphique Historique de l'Action
De Mai 2023 à Mai 2024