REG - Mobico Group PLC - Directorate Change

MobicoAnnouncement

22/04/2024 07:00

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RNS Number : 4171L  Mobico Group PLC  22 April 2024

22 April 2024

Mobico Group plc

Directorate Change

Mobico Group plc ("Mobico" or the "Group") announces that James Stamp will
stand down as Group Chief Financial Officer ("CFO") and as a member of the
Mobico Board at the Group's Annual General Meeting on 11 June 2024.

 

Helen Cowing will join Mobico on 8 May 2024 and will be appointed as Interim
CFO on 11 June 2024. Helen brings a wealth of CFO experience  in both
transformational and turnaround situations. She has previously held Group CFO
roles at Selecta Group, Ideal Standard International BV and Octopus Group.
Helen will not join the Mobico Board.

 

James and Helen will work together to ensure an orderly handover of
responsibilities.

 

Helen Weir, Chair of Mobico, said: "On behalf of the Board, I would like to
thank James for his contribution to Mobico. He has shown considerable
dedication as we have sought to navigate the business through a challenging
macroeconomic environment, managing the impacts of high inflation and adapting
to a post Covid world. We wish James all the best for the future."

 

James Stamp, outgoing CFO, said: "Public transport has a crucial role to play
in creating sustainable cities and driving social mobility. It is an honour to
have spent the last seven years as part of a business committed to leading the
shift from cars to mass transit."

 

Ignacio Garat, Chief Executive Officer, said: "James has been a valued
colleague during my time at Mobico and I thank him for his support. I look
forward to working alongside Helen and would like to welcome her to the
business."

 

For further information, please contact:

 

Mobico Group PLC

 John Dean, Investor Relations Director  +44 (0)121 803 2580

Headland

 Stephen Malthouse  07734 956201
 Matt Denham        07551 825496

 

 

About Mobico Group

Mobico is a leading, international shared mobility provider with bus, coach
and rail services in the UK, North America, continental Europe, North Africa
and the Middle East.

 

Notes

 

Information about James' Stamp's remuneration arrangements on leaving the
Company will be disclosed on the Company's website in due course in accordance
with section 430(2B) Companies Act 2006

 

Legal Entity Identifier: 213800A8IQEMY8PA5X34

 

This announcement is made pursuant to LR 9.6.11(2) of the Listing Rules and is
classified as information under 2.2 for the purposes of DTR 6 Annex 1

The information contained within this announcement is deemed by Mobico to
constitute inside information as stipulated under the Market Abuse Regulation
(EU) No.596/2014 as it forms part of domestic law of the United Kingdom by
virtue of the European Union (Withdrawal) Act 2018. By the publication of this
announcement via a Regulatory Information Service, this inside information is
now considered to be in the public domain.

The person responsible for arranging for the release of this announcement on
behalf of Mobico is Simon Callander, General Counsel and Company Secretary.

 

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