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(Alliance News) - Vivo Energy PLC, which sells fuels and lubricants under Shell and Engen brands in 23 African countries, said on Friday that Chief Financial Officer Doug Lafferty has resigned to be CFO at Aston Martin Lagonda Group Holdings PLC.
Lafferty will remain a director of Vivo Energy until he leaves, which will be no later than July 13. Lafferty will remain focused on the delivery of the company's full-year results, due March 2, and on ensuring the effective transition of his responsibilities, Vivo said.
The search for a new CFO is underway and a further update will be announced in due course, the company said.
At Aston Martin, Lafferty replaces Ken Gregor.
The luxury automaker noted that, before Vivo, Lafferty had been CFO of Williams Grand Prix Holdings PLC and also worked for 16 years at British American Tobacco PLC.
Lafferty will join the Aston Martin board as an executive director come the summer.
"His work for the Williams racing team and his multinational experience make him a phenomenal addition to our leadership team," says Executive Chair Lawrence Stroll.
Vivo shares in Johannesburg were quoted at ZAR27.50, unchanged early Friday. The stock is up 64% over the past 12 months.
By Artwell Dlamini; artwelldlamini@alliancenews.com
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