Mobico Group Regulatory News (MCG)

MOBICO GROUP PLC

Directorate Changes

Mobico Group plc ("Mobico" or the "Company") is pleased to announce the appointment of Nigel Pocklington as an independent Non-Executive Director with effect from 1 August 2023. 

Nigel is currently Chief Executive Officer of Good Energy Group plc, the renewable energy services company, and is also Senior Independent Director and Remuneration Committee Chair at Kin and Carta plc, the global digital transformation consultancy. He was previously Chief Commercial Officer at Moneysupermarket.com Group plc and before that held a number of roles with Expedia, the online travel company. 

Matthew Crummack, currently Mobico's Senior Independent Director, will stand down from the Board on 31 July 2023 having completed over eight years' service as an independent Non-Executive Director.

Karen Geary (current independent Non-Executive Director and Chair of the Remuneration Committee of Mobico) has been appointed Senior Independent Director with effect from 1 August 2023. 

Helen Weir, Chair of Mobico, commented: "I am delighted to welcome Nigel as a Non-Executive Director. He has a strong track record in the travel sector, as well as in transport electrification, green energy and sustainability matters. Nigel brings a valuable strategic and commercial mindset and will add to the Board's capabilities in relation to transformation and the digitisation of Mobico. I look forward to working with him.

I would also like to take this opportunity to thank Matthew for his invaluable contribution to the Company. He has had a considerable impact on Mobico during his more than eight years on the Board. I have particularly valued his support and advice during my first few months as Chair. We wish him all the best for the future."

As part of the Company's succession planning, the Board has also commenced a process to find a replacement for Mike McKeon as Chair of the Audit Committee.

Mike was appointed to the Board in July 2015 and will reach nine years of service in July 2024. Mike has agreed to remain as Chair of the Audit Committee until the Annual General Meeting in 2024 in order to ensure a smooth and orderly transition of responsibilities to the new Chair of the Audit Committee.

No other details in relation to Nigel's appointment are required to be disclosed in respect of Rule 9.6.13 of the Listing Rules.

For further information, please contact:

Simon Callander

Company Secretary

+44 (0) 7795 232708

Gillian Saunderson

Deputy Company Secretary

+44 (0) 7471 142961

Notes

1. Legal Entity Identifier: 213800A8IQEMY8PA5X34

2. This announcement is made pursuant to LR 9.6.11R(1) - (4) and LR 9.6.13R of the Listing Rules and is classified as regulated information under 3.1 of DTR 6 Annex 1R of the Disclosure Guidance and Transparency Rules