REG - Cordel Group PLC - Cordel CFO Sabbatical

CordelAnnouncement

11/03/2024 07:00

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RNS Number : 0601G  Cordel Group PLC  11 March 2024

11 March 2024

Cordel Group PLC

("Cordel" or the "Company" or the "Group")

 

Cordel CFO Sabbatical

 

Cordel Group PLC (AIM: CRDL), the Artificial Intelligence platform for
transport corridor analytics, announces that the Group's Chief Financial
Officer (CFO), Ms. Thouraya Walker is taking a sabbatical for up to 6 months.

 

Ms. Walker is taking the sabbatical for personal reasons, which the board very
much supports. She will remain on the Board as an executive director without
portfolio and will attend Board meetings throughout her sabbatical.

 

The Company has secured the services of a suitably qualified and experienced
interim CFO, Ms. Natasha Dinneen, who is a former KPMG auditor and has held
senior finance roles with early-stage technology companies in the UK. She is a
member of the Institute of Chartered Accountants England and Wales and will
report to the CEO on a day-to-day basis, feeding up to the Board and Audit
Committee wherever appropriate.

 

Following a two-week handover process, this temporary change in roles and
responsibilities is effective immediately and will be in place for up to 6
months.

 

John Davis, CEO of Cordel, commented:

"We take care of our valued team members at Cordel and always endeavor to
accommodate their needs, whilst ensuring that their responsibilities are
covered. We are delighted to have Natasha stepping in and are very confident
in her experience and capability."

 

Enquiries:

 

 Cordel Group PLC                           c/o Zeus
 Ian Buddery, Chairman

 John Davis, Chief Executive Officer
 Zeus Capital Limited Broker                +44 (0)20 3829 5000
 Simon Johnson / Alexandra Campbell-Harris

 Strand Hanson Limited Nominated Adviser

 Richard Johnson / James Bellman            +44 (0)20 7409 3494

 

About Cordel

Cordel produces specialist hardware and software for capturing, analysing and
reporting on large datasets within the transport sector, employing
sophisticated artificial intelligence algorithms.

 

Further information on the Company is available at:  www.cordel.ai
(http://www.cordel.ai)

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