REG-FirstGroup PLC: Directorate Changes

FirstgroupAnnouncement

02/05/2019 07:05

FIRSTGROUP PLC
DIRECTORATE CHANGES

FirstGroup plc (‘FirstGroup’ or the ‘Group’), a leading provider of
transport services in the UK and North America, today announces the following
Board changes:
*
Ryan Mangold has been appointed to the Board as Chief Financial Officer (CFO)
with effect from 31 May 2019,
*
Julia Steyn has been appointed as an independent Non-Executive Director with
effect from 2 May 2019, and
*
Senior Independent Director Drummond Hall will step down from the Board on 31
May 2019. He will be succeeded as Senior Independent Director by David Robbie,
who continues to chair the Audit Committee.

Ryan Mangold was Group Finance Director of homebuilder Taylor Wimpey plc for
eight years until April 2018, having originally joined in 2009 as group
financial controller. During that time Ryan played an integral role in the
transformation of Taylor Wimpey’s financial profile, which included the sale
of its North American assets, improving the balance sheet to investment grade
and restructuring its pension liabilities. In addition to his other roles,
Ryan also oversaw the commercial and information technology functions at the
company. Prior to this Ryan worked in the mining and basic resources sector.
He joined the Anglo American group of companies in 1999 as a financial analyst
before becoming group financial controller of Mondi Group in 2004, where he
played a significant role in its demerger from Anglo American in 2007. Ryan is
a chartered accountant.

Julia Steyn served as vice president, Urban Mobility and Maven at General
Motors (GM) until earlier this year. Maven combines all of GM’s car- and
ride-sharing offerings, including its strategic alliance with Lyft, under a
single personal mobility brand. Julia first joined GM in 2012 as vice
president, corporate development and global M&A, to manage GM’s partnerships
globally while also developing merger and acquisition opportunities. Prior to
this, Julia was vice president and co-managing director for Alcoa's corporate
development group, having previously worked in London, Moscow and New York for
Goldman Sachs and A.T. Kearney.

Commenting on the appointment of Ryan Mangold, FirstGroup Chief Executive
Matthew Gregory said:
“I am delighted that Ryan will be joining FirstGroup as CFO. Ryan is a
business transformation leader who brings a wealth of experience from other
sectors and a strong track record of executing complex corporate changes to
enhance shareholder value. I am confident Ryan will make a major contribution
as we continue to drive forward our plans to unlock greater value from our
portfolio of market-leading businesses.”

Commenting on his appointment as FirstGroup CFO, Ryan Mangold said:
“This is an exciting time to be joining FirstGroup. The Group’s
marketplaces are experiencing a period of significant change and uncertainty,
with opportunities for sustainable growth and good financial returns available
to those businesses that are well placed to meet customers’ evolving needs.
I look forward to working with Matthew and the team to make this a reality for
FirstGroup’s customers, shareholders and other stakeholders.”

Commenting on today’s Board changes, FirstGroup Chairman Wolfhart Hauser
said:
“I am delighted to welcome both Ryan Mangold and Julia Steyn to the Board of
FirstGroup. Ryan’s background and skills are an excellent fit for the role
of FirstGroup CFO, while Julia’s corporate development expertise and
experience at the forefront of the emerging Mobility as a Service sector will
be of immense value to the Group as our services continue to evolve to provide
greater ease and convenience for our customers. I look forward to welcoming
them both to the Board.

“On behalf of the Board I would like to thank Drummond Hall for the
exemplary contribution he has made to the stewardship of the Group during his
five-year tenure as Senior Independent Director. We wish him every success for
the future. I am also pleased that David Robbie has accepted the role of
Senior Independent Director and look forward to continuing to work closely
with him in this role.”

Other disclosures
Ryan Mangold's annual salary will be £450,000 and the Company’s
contribution to his pension will be 15 percent. His incentive arrangements
will be in line with the Company’s approved Remuneration Policy. Full
details will be included in our forthcoming 2019 Directors’ Remuneration
Report. 

This announcement is made pursuant to Listing Rule 9.6.11R. There are no other
details required to be disclosed under Listing Rule 9.6.13R. Legal Entity
Identifier (LEI): 549300DEJZCPWA4HKM93. Classification as per DTR 6 Annex 1R:
3.1. The person responsible for arranging the release of this announcement on
behalf of FirstGroup is Michael Hampson, Group General Counsel and Company
Secretary.

Contacts at FirstGroup:
Faisal Tabbah, Head of Investor Relations
Stuart Butchers, Group Head of Communications
Silvana Glibota-Vigo, Deputy Company Secretary
Tel: +44 (0) 20 7725 3354

Contacts at Brunswick PR:
Andrew Porter / Alison Lea, Tel: +44 (0) 20 7404 5959

About FirstGroup
FirstGroup plc (LSE: FGP.L) is a leading provider of transport services in the
UK and North America. With £6.4 billion in revenue and around 100,000
employees, we transported 2.1 billion passengers last year. Whether for
business, education, health, social or recreation – we get our customers
where they want to be, when they want to be there. We create solutions that
reduce complexity, making travel smoother and life easier.

We provide easy and convenient mobility, improving quality of life by
connecting people and communities.

Each of our five divisions is a leader in its field: In North America, First
Student is the largest provider of home-to-school student transportation with
a fleet of 42,500 yellow school buses, First Transit is one of the largest
providers of outsourced transit management and contracting services, while
Greyhound is the only nationwide operator of scheduled intercity coaches. In
the UK, First Bus is one of Britain's largest bus companies with 1.6 million
passengers a day, and First Rail is one of the country's largest and most
experienced rail operators, carrying more than 260 million passengers last
year. Visit our website at www.firstgroupplc.com and follow us @firstgroupplc
on Twitter.



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