REG - ZIGUP PLC - Directorate Change Chief Financial Officer

ZIGUPAnnouncement

03/02/2025 08:00

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RNS Number : 6231V  ZIGUP PLC  03 February 2025

ZIGUP PLC

("ZIGUP" or the "Group" or the "Company")

3 February 2025

Directorate Change

Chief Financial Officer

 

ZIGUP (LSE:ZIG) announces the selection of Rachel Coulson as Chief Financial
Officer ("CFO").  This follows the resignation in October 2024 of Philip
Vincent who will leave his role as a Director of the Company and Chief
Financial Officer on 28 March 2025.

Rachel is currently Group Deputy Chief Financial Officer at Pearson PLC where
she has held a number of senior finance roles in the UK and US since 2014.
She has significant experience of digital transformation, including the
evolution of the customer experience through the development and
implementation of innovative technology strategies. Prior to Pearson, Rachel
was a senior finance executive at Vodafone having started her finance career
at PWC.

Rachel was selected following a rigorous recruitment process overseen by the
Board Nominations Committee and will join the business and Board of Directors
no later than 18 August 2025, following the completion of her current notice
period.

Prior to Rachel's arrival, ZIGUP Group UK&I Finance Director, Richard Clay
will step in as interim CFO.

Commenting on Rachel's appointment, Martin Ward, Chief Executive Officer,
ZIGUP PLC, said:

"I am looking forward to welcoming Rachel to the Board and working with her as
we continue to evolve the business through our three strategic pillars of
enable, deliver and grow.  Rachel's experience of driving international
business growth and digital transformation is particularly relevant and will
bring valuable experience to the Executive team.  I would also like to thank
Philip for his dedication and support over the past six years and wish him the
very best for the future."

Rachel Coulson added:

"I am delighted to be joining ZIGUP as CFO.  The Group has developed a
leading integrated mobility platform and is at an exciting point in the
delivery of its strategy. I am looking forward to working with the ZIGUP team
to help shape and execute against the next phase of the journey."

The Company is making this announcement pursuant to UK Listing Rule 6.4.6R
with no further disclosure necessary under UK Listing Rule 6.4.8R(2) to (6).

No compensation is payable to Mr Vincent in respect of his loss of office for
the purposes of s430(2B) Companies Act 2006.  All unvested options under the
Company Long Term Incentive Plan will lapse and Mr Vincent will not be
entitled to a bonus for the year ending 30 April 2025 in line with the
Company's Remuneration Policy.

 

-Ends-

Any enquires in relation to this announcement should be directed to:

Matthew Barton

Company Secretary

matt.barton@zigup.com

 

Media enquiries

Burson
Buchanan

Chris Lane/Jamie Hooper/ Verity Parker
                             zigup@buchanancomms.co.uk /  +44
(0) 207 466 5000

 

Notes to Editors:

ZIGUP is the leading integrated mobility solutions provider, with a platform
providing services across the vehicle lifecycle to help people keep on the
move, smarter. The Group offers mobility solutions to businesses, fleet
operators, insurers, OEMs and other customers across a broad range of areas
from vehicle rental and fleet management to accident management, vehicle
repairs, service and maintenance.

The mobility landscape is changing, becoming ever more connected and ZIGUP
uses its knowledge and expertise to guide customers through the
transformation, whether that is more digitally connected solutions or
supporting the transition to lower carbon mobility through providing EVs,
charging solutions and consultancy.

The Group's core purpose is to keep its customers mobile, smarter - through
meeting their regular mobility needs or by servicing and supporting them when
unforeseen events occur. With our considerable scale and reach, ZIGUP's
mission is to offer an imaginative, market-leading customer proposition and
drive enhanced returns for shareholders by creating value through sustainable
compounding growth. The Group seeks to achieve this through the delivery of
its new strategic framework of Enable, Deliver and Grow.

ZIGUP supports its customers through a network and diversified fleet of over
130,000 owned and leased vehicles, supporting over 1 million managed vehicles,
with over 180 branches across the UK, Ireland and Spain and a specialist team
of over 7,500 employees. We are a trusted partner to many of the leading
insurance and leasing companies, blue chip corporates and a broad range of
businesses across a diverse range of sectors. Our strength comes not only from
our breadth of our award-winning solutions, but from our extensive network
reach, our wealth of experience and continual focus on delivering an
exceptional customer experience. Further information regarding ZIGUP plc can
be found on the Company's website: www.zigup.com (http://www.zigup.com/)

 

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