MCG Mobico Group Plc

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RNS Number : 8583Q

National Express Group PLC

24 June 2020

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF EU REGULATION 596/2014.

National Express Group plc: Board changes

Dean Finch to step down as National Express CEO

The Board of National Express Group plc ("National Express") announces that Dean Finch has tendered his resignation after more than ten years as Group Chief Executive, in order to take up a new role as CEO at Persimmon plc.

He will leave the Group towards the end of the year or when a successor is appointed, in order to complete a smooth handover. A further announcement will be made once a leaving date has been agreed. The Board has commenced a full search for his replacement and will consider both internal and external candidates.

Sir John Armitt, Chairman, said: "We would like to thank Dean for his enormous contribution to National Express. During his time as Chief Executive he has transformed the business into a leading international transport group, with significant growth potential in all our main markets and a strong and effective management team at all levels. Recently he has expertly guided us through the challenge of COVID-19. Dean has the best wishes of all of us at National Express for his next challenge. In the meantime, the Board are pleased that Dean will remain with the business until later in the year or a successor is appointed, to aid a smooth handover."

Dean Finch said: "It has been a great privilege to be Chief Executive of National Express. I have developed a great affection for the company and my outstanding colleagues there. I believe I will leave National Express in both a strong position to continue to weather the effects of COVID-19 and well-placed to secure significant growth opportunities once we emerge from this crisis. I have learned a lot from the many immensely skilled colleagues in the business and believe they are a very effective team who will continue to grasp these opportunities and maintain National Express' leadership position."

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About National Express

National Express is a leading mass transit provider with bus, coach and rail services in the UK, North America, continental Europe, North Africa, and the Middle East.

Enquiries

Jennifer Myram, Company Secretary 0207 805 3807

Anthony Vigor, Director of Public Policy and External Affairs 07767 425822

Neil Bennett, Maitland/AMO 07900 000777

Notes and other information :

   1.    Legal Entity Identifier: 213800A8IQEMY8PA5X34 

2. This announcement is made pursuant to LR 9.6.11(2) of the Listing Rules and is classified as information under 3.1 of Annex 6 of the Disclosure Guidance and Transparency Rules.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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