Trifast finance chief leaves by mutual consent, names interim CFO

(Alliance News) - Trifast PLC on Thursday said its chief financial officer has left the company with immediate effect, while naming an interim CFO.

The East Sussex, England-based industrial fastenings firm said Darren Hayes-Powell left by mutual agreement, having joined the company in December 2022.

Group Financial Controller Kate Ferguson will assume the role of interim CFO while the board begins a search process for a permanent replacement.

Trifast said Senior Independent Non-Executive Director Clive Watson will support Ferguson and the Finance function during this period.

Ferguson joined the business in August 2023 and has more than 20 years' experience in finance, IT support, administration and facilities management, Trifast said, having worked across a variety of industries both in the UK and overseas.

Trifast said market conditions remain as described in the its announcement last month. "As we indicated at this time, we will be providing more detail on the group's restructuring, strategic plans and progress in July when the company is scheduled to release its annual results for the year ended March 31," the company said.

Shares in Trifast were up 0.5% at 77.40 pence each in London on Thursday afternoon.

By Greg Rosenvinge, Alliance News senior reporter

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