FirstGroup announces board changes

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On 2 May FirstGroup announced its most recent board changes. Ryan Mangold has been appointed as Chief Financial Officer (CFO) which will take effect from 31 May 2019.

Ryan had previously served as Finance Controller for Taylor Wimpey in 2009, before moving on to serve as Group Finance Director for eight years until 2018. Prior to his roles at Taylor Wimpey, Ryan worked in the mining and basic resource sector. He joined the Anglo American group of companies in 1999 as a Financial Analyst before becoming Group Finance Controller of Mondi Group in 2004.

Julia Steyn was appointed as an Independent Non-Executive Director and began her new role on 2 May 2019. Before her role as Independent Non-Executive, Julia served as Vice President of Urban Mobility and Maven at General Motors (GM) until last year, initially starting as Vice President of Corporate Development and Global M&A. Prior to this she was Vice President and Co-Managing Director for Alcoa’s corporate development group, and had also worked for both Goldman Sachs and A.T Kearney.

Commenting on the appointment of Ryan Mangold, FirstGroup Chief Executive Matthew Gregory said: “I am delighted that Ryan will be joining FirstGroup as CFO. Ryan is a business transformation leader who brings a wealth of experience from other sectors and a strong track record of executing complex corporate changes to enhance shareholder value. I am confident Ryan will make a major contribution as we continue to drive forward our plans to unlock greater value from our portfolio of market-leading businesses.”

Commenting on his appointment as FirstGroup CFO, Ryan Mangold said: “This is an exciting time to be joining FirstGroup. The Group’s marketplaces are experiencing a period of significant change and uncertainty, with opportunities for sustainable growth and good financial returns available to those businesses that are well placed to meet customers’ evolving needs. I look forward to working with Matthew and the team to make this a reality for FirstGroup’s customers, shareholders and other stakeholders.”

Commenting on the Board changes, FirstGroup Chairman Wolfhart Hauser said: “I am delighted to welcome both Ryan Mangold and Julia Steyn to the Board of FirstGroup. Ryan’s background and skills are an excellent fit for the role of FirstGroup CFO, while Julia’s corporate development expertise and experience at the forefront of the emerging Mobility as a Service sector will be of immense value to the Group as our services continue to evolve to provide greater ease and convenience for our customers. I look forward to welcoming them both to the Board.

“On behalf of the Board I would like to thank Drummond Hall for the exemplary contribution he has made to the stewardship of the Group during his five-year tenure as Senior Independent Director. We wish him every success for the future. I am also pleased that David Robbie has accepted the role of Senior Independent Director and look forward to continuing to work closely with him in this role.”


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