REG - CT Automotive Group - Directorate change

CT AutomotiveAnnouncement

25/11/2025 15:45

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RNS Number : 9658I  CT Automotive Group PLC  25 November 2025

25 November 2025

 

CT Automotive Group plc

("CT Automotive" or the "Group")

 

Directorate Change

CT Automotive Group plc ("CT Automotive" or the "Group"), a leading designer,
developer, and supplier of interior components to the global automotive
industry, announces Nick Timberlake will be stepping down from the board on
31st December 2025. Nick joined the board in July 2023 as a Non-executive
director and appointee of Otus Capital Management. At that time Otus was the
largest independent shareholder of CT Automotive and it was agreed with the
company that Nick would remain on the board while Otus's shareholding was
above 12% which was the case until the end of September 2025.

 

As a result, the Board will comprise two Independent Non-Executive Directors
and two Executive Directors.  The Company intends to appoint a further
independent Non-Executive Director in due course.

 

Ray Bench, Non-Executive Chair of CT Automotive, said: "We are extremely
grateful to Nick for his dedication to CT Automotive and invaluable
contribution over the term of his appointment."

 

 

 

Enquiries:

 CT Automotive                                                       Via Novella

 Simon Phillips, Chief Executive Officer

 Salman Mohammed, Chief Financial Officer

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

 Alex Bond, James Todd, Samed Ethemi

 Novella Communications (Financial Public Relations)                 Tel : +44 (0)20 3151 7008

 Tim Robertson, Safia Colebrook                                      ctautomotive@novella-comms.com (mailto:ctautomotive@novella-comms.com)

 

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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