22 April
2024
Mobico Group
plc
Directorate
Change
Mobico Group plc ("Mobico" or the
"Group") announces that James Stamp will stand down as Group Chief
Financial Officer ("CFO") and as a member of the Mobico Board at
the Group's Annual General Meeting on 11 June 2024.
Helen Cowing will join Mobico on 8
May 2024 and
will be appointed as Interim CFO
on 11 June 2024.
Helen brings a wealth of CFO experience in
both transformational and turnaround situations. She has
previously held Group CFO roles at Selecta Group, Ideal Standard
International BV and Octopus Group. Helen will not join the Mobico
Board.
James and Helen will work together
to ensure an orderly handover of responsibilities.
Helen Weir, Chair of Mobico, said: "On behalf of the Board, I would like to thank James for his
contribution to Mobico. He has shown considerable dedication as we
have sought to navigate the business through a challenging
macroeconomic environment, managing the impacts of high inflation
and adapting to a post Covid world. We wish James all the best for
the future."
James Stamp, outgoing CFO, said: "Public transport has a crucial role to play in creating
sustainable cities and driving social mobility. It is an honour to
have spent the last seven years as part of a business committed to
leading the shift from cars to mass transit."
Ignacio Garat, Chief Executive Officer, said:
"James has been a valued colleague during my time
at Mobico and I thank him for his support. I look forward to
working alongside Helen and would like to welcome her to the
business."
For
further information, please contact:
Mobico Group PLC
|
John Dean, Investor Relations
Director
|
+44 (0)121
803 2580
|
Headland
|
Stephen Malthouse
|
07734
956201
|
|
Matt Denham
|
07551
825496
|
About Mobico Group
Mobico is a leading, international
shared mobility provider with bus, coach and rail services in the
UK, North America, continental Europe, North Africa and the Middle
East.
Notes
Information about James' Stamp's
remuneration arrangements on leaving the Company will be disclosed
on the Company's website in due course in accordance with section
430(2B) Companies Act 2006
Legal Entity Identifier:
213800A8IQEMY8PA5X34
This announcement is made pursuant to
LR 9.6.11(2) of the Listing Rules and is classified as information
under 2.2 for the purposes of DTR 6 Annex 1
The information contained within this
announcement is deemed by Mobico to constitute inside information
as stipulated under the Market Abuse Regulation (EU) No.596/2014 as
it forms part of domestic law of the United Kingdom by virtue of
the European Union (Withdrawal) Act 2018. By the publication of
this announcement via a Regulatory Information Service, this inside
information is now considered to be in the public
domain.
The person responsible for arranging
for the release of this announcement on behalf of Mobico is Simon
Callander, General Counsel and Company Secretary.
