FIRSTGROUP PLC
DIRECTORATE CHANGES
FirstGroup plc (“FirstGroup” or the “Group”) today announces
that Jane Lodge and Peter Lynas will join the Board as non-executive
directors on 30 June 2021.
David Robbie has also notified the
Group that he will not seek re-election at the 2021 AGM and will
stand down from the Board on 30 June
2021.
Jane Lodge was a senior audit
partner with Deloitte, where she spent more than 25 years advising
multinational companies including businesses in transport, leisure,
consumer and technology sectors. Since 2012 she has served as a
non-executive director and Audit Committee Chair at several UK
public companies in a range of sectors. Jane is currently Senior
Independent Director and Audit Committee Chair of Costain Group plc
(Jane will step down from these roles after nine years in
May 2021), a non-executive director
and Audit Committee Chair of DCC plc and Bakkavor Group plc, and a
non-executive director of Glanbia plc. Previous roles include
non-executive director of Sirius Minerals plc (2015-2020, when the
company was acquired by Anglo
American plc) and of Devro plc (2012-2020). In addition to
broad international experience in a range of sectors, Jane brings
substantial audit, risk and audit committee expertise to the Board.
On appointment Jane will become Chair of the Audit Committee.
Peter Lynas was Group Finance
Director of BAE Systems plc (and a director of BAE Systems, Inc.)
from 2011 until his retirement in 2020, having previously served in
increasingly senior financial and M&A roles since joining the
company in 1999. Peter’s early career was spent at De La Rue
Systems, which he joined as a trainee accountant, and then GEC
Marconi from 1985 to 1999, where he became Finance Director of
Marconi Electric Systems. He has been a non-executive director and
Audit Committee Chair of SSE plc since 2014.? In addition to his
strong strategic and financial background Peter brings to the Board
extensive experience in heavily regulated industries with
significant contractual relationships with government. On
appointment Peter will become Senior Independent Director.
Commenting on today’s announcement, FirstGroup Chairman
David Martin said:
“I’d like to thank David for his significant contribution to the
Board over the past three years, including acting as interim
Chairman for a period in 2019. I would also like to welcome Jane
and Peter to the Board. They join at a pivotal time and I am
confident that they each bring considerable experience and
knowledge and will make a strong contribution to the Group.”
“As a natural consequence of the transaction announced
separately today and as FirstGroup enters a new strategic phase,
the composition and background of the Board will evolve. We will
continue the orderly and appropriate evolution of the Board in
order to ensure it has the right balance of skills, experience, and
diversity for the Group’s future needs.”
This announcement is made pursuant to Listing Rule 9.6.11R.
There are no other details required to be disclosed under Listing
Rule 9.6.13R.
Contacts at FirstGroup:
Faisal Tabbah, Head of Investor
Relations
Stuart Butchers, Group Head of Communications
corporate.comms@firstgroup.com
+44 (0) 20 7725 3354
Contacts at Brunswick PR:
Andrew Porter / Simone Selzer, Tel: +44 (0) 20 7404 5959
Notes
Classification as per DTR 6 Annex 1R: 3.1. Legal Entity Identifier
(LEI): 549300DEJZCPWA4HKM93.
FirstGroup plc (LSE: FGP.L) is a leading provider of transport
services in the UK and North
America. With £7.8 billion in revenue in the year to
31 March 2020 and around 100,000
employees, we transported 2.1 billion passengers. 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.. Visit our
website at www.firstgroupplc.com and follow us @firstgroupplc on
Twitter.