REG - CT Automotive Group - Director Appointment

CT AutomotiveAnnouncement

16/02/2026 07:00

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RNS Number : 0406T  CT Automotive Group PLC  16 February 2026

16 February 2026

 

CT Automotive Group PLC

("CT Automotive" or the "Group")

 

Director Appointment

 

CT Automotive, a leading designer, developer and supplier of interior
components to the global automotive industry, is pleased to announce the
appointment of Gary McGrath as an Independent Non-Executive Director,
effective immediately.

Gary McGrath is a Chartered Accountant with over 30 years' international
finance experience across both listed and private multinational businesses. He
has held senior finance leadership roles spanning strategic planning,
operational finance, treasury, investor relations and corporate transactions.
Most recently, Gary served for ten years as Group Chief Financial Officer of
Zotefoams plc, a FTSE-listed world leader in supercritical foams, where he was
responsible for the Group's global finance and IT functions and worked closely
with the Chief Executive Officer on strategy, capital allocation and
shareholder engagement.

Earlier in his career, Gary held a number of senior finance positions within
international industrial and manufacturing businesses, working and living in
Germany, Belgium and the USA, and gaining broad experience in commercial
finance, operational restructuring and business transformation. He brings deep
expertise in financial governance, capital markets and supporting growth in
international organisations.

Raymond Bench, Chairman of CT Automotive, said:

"I am delighted to welcome Gary McGrath to the Board as an Independent
Non-Executive Director. Gary's significant operational and listed company
experience will be of great value to the Board, strengthening our strategic
planning, governance, and investor relationships."

Regulatory Disclosures

 

Save for the information set out below, there are no further disclosures to be
made in accordance with Rule 17, Schedule Two (g) of the AIM Rules for
Companies in respect of the appointment of Gary Christopher McGrath, aged 58.

 

 Current directorships and partnerships  Past directorships and partnerships (last 5 years)
 No current directorships                Zotefoams plc

                                         Zotefoams U.K. Limited

                                         Zotefoams International Ltd

                                         Zotefoams Technology Limited

                                         Zotefoams Inc.

                                         Zotefoams Midwest LLC.

                                         MuCell Extrusion LLC.

                                         Zotefoams Poland Sp.z.o.o.

                                         T-FIT Insulation Solutions India Private Ltd

Gary Christopher McGrath does not hold any interest in the ordinary shares of
the Company.

 

Enquiries:

 CT Automotive

 Raymond Bench, Non-Executive Chairman

 Simon Phillips, Chief Executive Officer

 Singer Capital Markets Advisory LLP (Nominated Adviser and Broker)  Tel: +44 (0)20 7496 3000

 Alex Bond, James Todd, Samed Ethemi

 

 

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 manufacturers
("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 with
additional manufacturing facilities in Mexico and Türkiye and distribution
facilities and assembly lines in Europe, Asia and the US.  The Company has a
low cost design and administrative centre in India.

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
portfolio of OEM customers, both directly and via Tier One suppliers including
Forvia and Marelli.  End customers include volume manufacturers, such as
Nissan, Ford, GM and Volkswagen Audi Group, and premium luxury car brands such
as Bentley and Lamborghini.  In addition, the Group supplies all our customer
base with a range of products for PHEV and BEV platforms and supplies electric
car manufacturers, including Rivian and a US based major EV OEM.

The Group currently supplies component part types to over 55 different models
for 22 OEMs. Since its formation, the Group has been one of the very few new
entrants to the market, which is characterised by high barriers to entry.

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