FIRSTGROUP PLC
DIRECTORATE
CHANGE
Having overseen the recent renewal of the Board, with six new
Directors appointed in the last two years together with the new
strategic direction of the Company, Wolfhart Hauser has informed the Board that he
believes it would be appropriate for the Company to commence
planning for his succession. Wolfhart
Hauser will therefore not be standing for re-election at the
AGM.
With effect from the end of the AGM on 25
July 2019, David Robbie,
Senior Independent Director, will become interim Chairman of the
Board and will oversee a formal and rigorous process to select a
new Chairman in accordance with UK Corporate Governance Code
recommendations. That process has already commenced.
Commenting, Wolfhart Hauser said:
“Having renewed the Board through the appointment of independent
directors with a diverse range of skills and expertise focused on
the future of mobility services and overseen the appointment of
Matthew Gregory as Chief Executive
and Ryan Mangold as Chief Financial
Officer to drive delivery of the strategy, it is now time for me to
move on. I am confident that the clear path forward laid out for
the Group in our strategy announcement on 30 May is the best way to
deliver enhanced sustainable value to all shareholders, and that
the Board and management team will execute these plans at
pace.”
Contacts at FirstGroup:
Faisal Tabbah, Head of Investor
Relations
Stuart Butchers, Group Head of Communications
Tel: +44 (0) 20 7725 3354
Contacts at Brunswick PR:
Andrew Porter / Alison Lea, Tel: +44 (0) 20 7404 5959
Classification as per DTR 6 Annex 1R:
3.1. Legal Entity Identifier (LEI): 549300DEJZCPWA4HKM93.
About
FirstGroup
FirstGroup plc (LSE: FGP.L) is a leading provider of
transport services in the UK and North
America. With £7.1 billion in revenue and around
100,000 employees, we transported 2.2 billion passengers last year.
Whether for business, education, health, social or recreation – we
get our customers where they want to be, when they want to be
there. We create solutions that reduce complexity, making travel
smoother and life easier.
We provide easy
and convenient mobility, improving quality of life by connecting
people and communities.
Each of our five divisions is a
leader in its field: In North America, First Student is the largest
provider of home-to-school student transportation with a fleet of
42,500 yellow school buses, First Transit is one of the largest
providers of outsourced transit management and contracting
services, while Greyhound is the only nationwide operator of
scheduled intercity coaches. In the UK, First Bus is one of
Britain's largest bus companies
with 1.6 million passengers a day, and First Rail is one of the
country's largest and most experienced rail operators, carrying 345
million passengers last year.
Visit our website at
www.firstgroupplc.com and follow us @firstgroupplc on Twitter.