National Express Group PLC Directorate Change (6519U)
January 20 2017 - 2:00AM
UK Regulatory
TIDMNEX
RNS Number : 6519U
National Express Group PLC
20 January 2017
Directorate Changes
National Express Group PLC ('National Express') is pleased to
announce the appointments of Matthew Ashley as Chief Executive
Officer of our North America division and Chris Davies as Group
Finance Director following Matthew's move.
After two and a half successful years as Group Finance Director,
Matthew Ashley is moving to become Chief Executive Officer for
North America, National Express' largest division. While holding
this senior operational leadership position Matthew will also
remain an Executive Director of the Company and continue as a
member of the National Express Board.
During his time as Group Finance Director, Matthew has helped
grow National Express' market capitalisation by around 35% and most
recently has completed a successful bond refinancing that is
delivering significant annual cost savings.
To ensure a smooth transition, following the National Express
2017 AGM on May 10(th) Matthew will work alongside the existing
Chief Executive Officer for North America, David Duke until 1(st)
September 2017. After this date Matthew will become Chief Executive
Officer for North America.
David will remain with the business as a senior counsel
supporting Matthew, as part of a long-planned phased
retirement.
Chris Davies joins National Express from Inchcape plc where he
has been Group Financial Controller and Treasurer since 2013. Chris
also acted as interim Group Chief Financial Officer for Inchcape
plc between January and April 2016. Chris will join National
Express in early May and will initially work alongside Matthew
Ashley during a transition period, before taking up the role full
time after the National Express 2017 AGM on May 10(th) . Chris will
join the Board as an Executive Director on 10th May 2017, following
the AGM
Chris has significant international senior financial experience
having started his career with Andersen Consulting, before joining
Boots then Marakon Associates (a strategic consultancy) and
spending 10 years at Diageo plc. At Diageo plc Chris held a number
of strategic and financial positions on three continents,
culminating with two and a half years as the Chief Financial
Officer for their North American division.
Sir John Armitt, National Express Chairman, said: "I am
delighted that Matthew is taking up such a senior operational
leadership role within our business and that he will remain a
member of the Board. Matthew has been a very accomplished Group
Finance Director and I am pleased we are able to continue his
career development within National Express.
"I am equally delighted that Chris is joining the Board of
National Express as Group Finance Director. Chris brings
significant international finance and strategic experience that
will benefit the Company as we continue our growth strategy. I look
forward to working with him.
"I would like to thank David Duke for his many years of service
to National Express and the School Bus industry. David has led our
North American business with great skill and is hugely respected by
staff, customers and the communities we serve alike. David has been
in discussions with us about retiring for some time and I am glad
that he is able to do that in a managed way that also allows us to
retain his experience and knowledge."
Matthew Ashley said: "I have greatly enjoyed being Group Finance
Director for the past two and a half years and am pleased to be
handing over to Chris. I relish my new challenge and am very lucky
to be succeeding David Duke who has been an outstanding leader for
our North American business. I look forward to continuing to work
with and draw on his knowledge and experience in his senior counsel
role. Equally, I welcome Chris to his new role and look forward to
working with him."
Chris Davies said: "I am really looking forward to joining
National Express. The more I have learned about the company, the
more I have been impressed with the people I have met, the clarity
of the strategy and the focus on performance. National Express' mix
of a strong UK presence and international diversity is something
that really appeals to me and I look forward to playing a part in
its continued profitable growth as Group Finance Director."
There is no information required to be disclosed in respect of
Mr Davies pursuant to LR9.6.13 (2) to (6) of the Listing Rules.
Enquiries
National Express Group PLC
Anthony Vigor, Director of
Policy and External Affairs +44 (0)121 460 8401
+44 (0)7767 425822
Louise Richardson, Investor
Relations Manager +44 (0)7827 807766
Maitland
Rebecca Mitchell +44 (0)20 7379 5151
+44 (0)7951 057351
About National Express Group
National Express Group is a leading public transport operator
with bus, coach and rail services in the UK, Continental Europe,
North Africa, North America and the Middle East. The Group has a
fleet of over 27,000 vehicles and more than 867 million journeys
are made on National Express Services each year. National Express
Group is quoted on the London Stock Exchange (NEX.L), and is a
constituent of the FTSE 250 with 2015 underlying revenue of GBP1.9
billion. Further information on National Express Group can be found
at: http://www.nationalexpressgroup.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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