REG - Cordel Group PLC - Director Change

CordelAnnouncement

20/10/2025 07:00

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RNS Number : 8361D  Cordel Group PLC  20 October 2025

20 October 2025

Cordel Group PLC

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

 

Director Change

Cordel Group PLC (AIM: CRDL), the Artificial Intelligence platform for
transport corridor analytics, announces that Non-executive Director Nicholas
McInnes is stepping down from the main board with immediate effect, but will
continue as Chairman of the Cordel Advisory Board.

Mr. McInnes joined the board on 13 March 2020, bringing his deep experience as
a senior  United Kingdom diplomat, focusing on international trade and
investment in such key positions as the British Consul General, Sydney and
Director General Trade & Investment for Australia and New Zealand; and
Director Trade & Investment USA and Deputy Consul General New York.

As Chairman of the Cordel Advisory Board, Mr. McInnes has built a team of
engaged and experienced rail leaders, who have been an integral part of the
Company's success, particularly in the USA market.

Cordel Chairman Ian Buddery said, "As we expand into the USA rail industry, we
need to evolve our main board to ensure that our decisions are appropriately
informed.  Nick has determined that this is an appropriate time for him to
step down, paving the way for us to bring on a US-focused director in due
course.  Nick has been a highly valued director, contributing not only to
board governance but also to our rail industry engagement, through his network
of international rail executive contacts.  He has been a valued guide for our
journey and a wise counsel through challenges and success.  He is a
shareholder and a friend to us all and we are delighted that he will continue
to serve pro-bono on our advisory board."

 

Mr. McInnes's role as Chair of the Remuneration and Nominations Committee will
transfer to Jonathan MacLeod, independent Non-executive director. Thouraya
Walker, independent Non-executive director, becomes chair of the Audit
Committee.

 

Enquiries:

 

 Cordel Group PLC                            c/o Cavendish
 Ian Buddery, Chairman

 John Davis, Chief Executive Officer

 Cavendish Capital Markets Limited, Broker   +44 (0)20 7220 0500
 Marc Milmo / Rory Sale (Corporate Finance)

 Sunila de Silva (Corporate Broking)

 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

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