REG - Distribution Finance - Chief Financial Officer Retirement

Distribution Finance Capital HoldingsAnnouncement

04/10/2024 07:00

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RNS Number : 9071G  Distribution Finance Cap. Hldgs PLC  04 October 2024

4 October 2024

 

 

Distribution Finance Capital Holdings plc

("DF Capital" or the "Company" together with its subsidiaries the "Group")

 

Chief Financial Officer Retirement

 

Distribution Finance Capital Holdings plc, the specialist bank providing
working capital solutions to dealers and manufacturers across the UK, today
announces the intended retirement of Gavin Morris, the Group's Chief Financial
Officer, effective 31 December 2025.

 

The Board has started the process to identify a successor to Gavin and will
provide a further update once a candidate is appointed. Gavin will continue to
play an active role in the Group as an executive director through an extended
handover period until his retirement date at the end of 2025, allowing for a
smooth transition to his successor.

 

The Group intends to announce its quarterly trading update for the three
months ended 30 September 2024 on 9 October 2024.

 

Carl D'Ammassa, Chief Executive, commented: "Gavin has been instrumental on DF
Capital's growth journey and the Group receiving authorisation as a bank just
over four years ago. Whilst Gavin will be undoubtedly missed, I understand and
respect his desire to step back from executive duties to fulfil non-executive
and consultancy roles closer to his family home in Bristol. I'm delighted that
he will remain with us until the end of 2025, supporting an effective handover
once the Board has identified a suitable candidate to lead our finance team as
we progress our ambitious plans to further scale the Group and deliver
mid-to-high teens returns for our shareholders over the medium term".

 

For further information contact:

 

 Distribution Finance Capital Holdings plc

 Carl D'Ammassa - Chief Executive Officer                                  +44 (0) 161 413 3391
 Kam Bansil - Head of Investor Relations                                   +44 (0) 7779 229508
 http://www.dfcapital-investors.com (http://www.dfcapital-investors.com/)

 Panmure Liberum Limited (Nomad and Joint Broker)                           +44 (0) 203 100 2000

 Chris Clarke
 William King
 Anake Singh

 

 

 

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