REG-FirstGroup PLC: Directorate Change

FirstgroupAnnouncement

27/07/2021 07:05

FIRSTGROUP PLC
DIRECTORATE CHANGE

FirstGroup plc ('FirstGroup' or the 'Group') announces that Matthew Gregory
has informed the Board of his intention to step down as Chief Executive and as
an Executive Director at the conclusion of the Company's AGM on 13 September
2021. Accordingly, Matthew will not be seeking re-election at the AGM.

David Martin, Chairman, will become interim Executive Chairman at the
conclusion of the AGM on 13 September until a permanent Chief Executive is
appointed. A comprehensive search is underway to select a new Chief Executive
for the Group.

Matthew will work closely with David to ensure a smooth handover process.
Given his knowledge and experience of the Group, Matthew will also be
available to support David over the coming months, including with certain
matters associated with completing the transition to the ongoing UK-focused
Group.

David Martin, FirstGroup Chairman said:
“Matthew has made a significant contribution to FirstGroup since joining in
2015, initially as CFO and then stepping forward to take up the post of Chief
Executive in 2018. During that time, he has been instrumental in delivering
the Board’s strategy to rationalise our portfolio of businesses, culminating
in the transformational sale of First Student and First Transit. Matthew was
also responsible for delivering margin improvements particularly in First
Student and First Bus, as well as First Rail's successful Avanti West Coast
bid, which restored FirstGroup to its leading position in UK passenger rail.
Under his leadership the Group adeptly responded to the unprecedented
challenges created by the coronavirus pandemic. He leaves FirstGroup a more
focused, resilient and flexible organisation, well positioned to benefit from
the many opportunities ahead. On behalf of the Board I would like to thank
Matthew for all that he has achieved and wish him every success for the
future.”

Matthew Gregory said:
“Having delivered the substantial portfolio rationalisation strategy and
with FirstGroup now positioned to emerge from the pandemic as a resilient and
robust business, I have decided the time is right for me to move on to new
opportunities. In this landmark year the Group has more than risen to its
challenges. We have delivered on our strategic objectives, protected our
financial stability, and supported our communities with essential services
while helping to shape the future of public transport in the UK. It has been
my honour and a privilege to lead this great business and its many thousands
of employees who are dedicated to serving their customers every day.” 

Notes
David Martin is the former Chief Executive of Arriva, which he joined in 1998
as board member responsible for international development before taking over
the leadership of the company in 2006. During his tenure, Arriva was
transformed into a multinational transport services group through a number of
key strategic mergers and acquisitions. In September 2010 the company was
purchased by Deutsche Bahn, one of the world’s leading passenger transport
and logistics companies. David remained as Chief Executive throughout this
period, before stepping down in January 2016. He remained on the Arriva Board
advising on a range of issues until May 2017. He was formerly a Non-Executive
Director at Ladbrokes plc and previously held roles at British Bus plc, where
he was responsible for development of strategy and M&A, at shipping company
Holyhead Group and at business services group Initial Services PLC. David is a
chartered management accountant. External appointments: Senior Independent
Director at Biffa plc; member of the advisory board at Nottingham Business
School; member of the steering committee at Nottingham Trent University.

 Contacts at FirstGroup: Faisal Tabbah, Head of Investor Relations Stuart Butchers, Group Head of Communications corporate.comms@firstgroup.com Tel: +44 (0) 20 7725 3354  Contacts at Brunswick PR: Andrew Porter / Simone Selzer Tel: +44 (0) 20 7404 5959  

Legal Entity Identifier (LEI): 549300DEJZCPWA4HKM93. Classification as per DTR
6 Annex 1R: 3.1.



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