CT Automotive Group PLC Directorate Change (0743D)
19 Junio 2023 - 1:00AM
UK Regulatory
TIDMCTA
RNS Number : 0743D
CT Automotive Group PLC
19 June 2023
19 June 2023
CT AUTOMOTIVE GROUP PLC
("CT Automotive" or the "Company")
Directorate Change
CT Automotive, a leading designer, developer and supplier of
interior components to the global automotive industry, announces
that Tracey James, Independent Non-Executive Director, has notified
the Board of her intention not to seek re-election to the Board at
this year's annual general meeting and to step down from the Board
at the same time in order to pursue other business interests.
The process to identify and appoint a new Independent
Non-Executive Director is now underway.
Simon Phillips, Executive Chairman of CT Automotive,
commented:
"On behalf of the Board I would like to thank Tracey for the key
role she has played in our IPO and the recent fundraise. We greatly
appreciate her efforts as the Company navigated through a turbulent
year and the support she provided to our new CFO as she settled
into the role. Tracey leaves the Company well placed to capitalise
on the opportunities before it, as trading conditions
stabilise."
For further information please contact:
CT Automotive via MHP
Simon Phillips, Executive Chairman
Scott McKenzie, Chief Executive
Officer
Anna Brown, Chief Financial
Officer
MHP (Financial PR) Tel: +44 (0)7834 623 818
Tim Rowntree CTAutomotive@mhpgroup.com
Charlie Barker
Liberum (Nominated Adviser Tel: +44 (0)20 3100 2000
and Broker)
Richard Lindley
Benjamin Cryer
Notes to editors
CT Automotive is engaged in the design, development and
manufacture of bespoke automotive interior finishes (for example
dashboard panels and fascia finishes) and kinematic assemblies (for
example air registers, arm rests, deployable cup holders and
storage systems), as well as their associated tooling, for the
world's leading automotive original equipment suppliers ("OEMs")
and global Tier One manufacturers.
The Group is headquartered in the UK with a low-cost
manufacturing footprint. Key production facilities are located in
Shenzhen and Ganzhou, China complemented by additional
manufacturing facilities in Mexico, Turkey and the Czech
Republic.
CT Automotive's operating model enables it to pursue a price
leadership strategy, supplying high quality parts to customers at a
lower overall landed cost than competitors. This has helped the
Group build a high-quality roster of OEM end customers, both
directly and via Tier One suppliers including Faurecia and Marelli.
End customers include volume manufacturers, such as Nissan, and
luxury car brands such as Bentley and Lamborghini. In addition, the
Group supplies electric car manufacturers, including Lucid. It is
also working with e.Go Mobile, a German manufacturer which plans to
launch a series of small electric vehicles for the budget end of
the market.
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.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
BOAGZGMVNRRGFZM
(END) Dow Jones Newswires
June 19, 2023 02:00 ET (06:00 GMT)
Ct Automotive (LSE:CTA)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
Ct Automotive (LSE:CTA)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024