REG - CT Automotive Group - Resignation of CFO

CT AutomotiveAnnouncement

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RNS Number : 6260Q  CT Automotive Group PLC  28 January 2026

28 January 2026

 

CT Automotive Group plc

("CT Automotive" or the "Group")

Resignation of CFO

 

The Company announces that Salman Mohammed, Chief Financial Officer, has
resigned from his role with immediate effect.

Anshul Gupta (Group Head of Finance) and Victoria Thomas (Group Financial
Controller) will continue to manage the day-to-day financial operations of the
Company and will report to the Board with the assistance of Geraint Davies,
Senior Independent NED and Chair of Audit and Risk Committee.

The Board is pleased with the underlying performance of the business in FY25
and provisionally expects revenues for the year to be in line with market
expectations with net debt of $7.7m as at 31 December 2025. The Board will
release its detailed trading update in due course.

 

 

 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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