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

Headland

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.