ZIGUP PLC
("ZIGUP" or the
"Group" or the "Company")
3 February
2025
Directorate Change
Chief Financial
Officer
ZIGUP (LSE:ZIG)
announces the selection of Rachel Coulson as Chief Financial
Officer ("CFO"). This follows the resignation in October 2024
of Philip Vincent who will leave his role as a Director of the
Company and Chief Financial Officer on 28 March 2025.
Rachel is currently
Group Deputy Chief Financial Officer at Pearson PLC where she has
held a number of senior finance roles in the UK and US since
2014. She has significant experience of digital
transformation, including the evolution of the customer experience
through the development and implementation of innovative technology
strategies. Prior to Pearson, Rachel was a senior finance executive
at Vodafone having started her finance career at PWC.
Rachel was selected
following a rigorous recruitment process overseen by the Board
Nominations Committee and will join the business and Board of
Directors no later than 18 August 2025, following the completion of
her current notice period.
Prior to Rachel's
arrival, ZIGUP Group UK&I Finance Director, Richard Clay will
step in as interim CFO.
Commenting on
Rachel's appointment, Martin Ward, Chief Executive Officer, ZIGUP
PLC, said:
"I am looking
forward to welcoming Rachel to the Board and working with her as we
continue to evolve the business through our three strategic pillars
of enable, deliver and grow. Rachel's experience of driving
international business growth and digital transformation is
particularly relevant and will bring valuable experience to the
Executive team. I would also like to thank Philip for his
dedication and support over the past six years and wish him the
very best for the future."
Rachel Coulson added:
"I am delighted to
be joining ZIGUP as CFO. The Group has developed a leading
integrated mobility platform and is at an exciting point in the
delivery of its strategy. I am looking forward to working with the
ZIGUP team to help shape and execute against the next phase of
the journey."
The Company is
making this announcement pursuant to UK Listing Rule 6.4.6R with no
further disclosure necessary under UK Listing Rule 6.4.8R(2) to
(6).
No compensation is
payable to Mr Vincent in respect of his loss of office for the
purposes of s430(2B) Companies Act 2006. All unvested options
under the Company Long Term Incentive Plan will lapse and Mr
Vincent will not be entitled to a bonus for the year ending 30
April 2025 in line with the Company's Remuneration
Policy.
-Ends-
Any enquires in
relation to this announcement should be directed to:
Matthew Barton
Company Secretary
matt.barton@zigup.com
Media
enquiries
Burson
Buchanan
Chris Lane/Jamie Hooper/ Verity Parker
zigup@buchanancomms.co.uk / +44 (0) 207 466 5000
Notes to
Editors:
ZIGUP is the
leading integrated mobility solutions provider, with a platform
providing services across the vehicle lifecycle to help people keep
on the move, smarter. The Group offers mobility solutions to
businesses, fleet operators, insurers, OEMs and other customers
across a broad range of areas from vehicle rental and fleet
management to accident management, vehicle repairs, service and
maintenance.
The mobility
landscape is changing, becoming ever more connected and ZIGUP uses
its knowledge and expertise to guide customers through the
transformation, whether that is more digitally connected solutions
or supporting the transition to lower carbon mobility through
providing EVs, charging solutions and consultancy.
The Group's core
purpose is to keep its customers mobile, smarter - through meeting
their regular mobility needs or by servicing and supporting them
when unforeseen events occur. With our considerable scale and
reach, ZIGUP's mission is to offer an imaginative, market-leading
customer proposition and drive enhanced returns for shareholders by
creating value through sustainable compounding growth. The Group
seeks to achieve this through the delivery of its new strategic
framework of Enable, Deliver and Grow.
ZIGUP supports its
customers through a network and diversified fleet of over 130,000
owned and leased vehicles, supporting over 1 million managed
vehicles, with over 180 branches across the UK, Ireland and Spain
and a specialist team of over 7,500 employees. We are a trusted
partner to many of the leading insurance and leasing companies,
blue chip corporates and a broad range of businesses across a
diverse range of sectors. Our strength comes not only from our
breadth of our award-winning solutions, but from our extensive
network reach, our wealth of experience and continual focus on
delivering an exceptional customer experience. Further information
regarding ZIGUP plc can be found on the Company's
website: www.zigup.com
