Chief Financial Officer Retirement

Distribution Finance Cap. Hldgs PLC

04 October 2024

 

4 October 2024

Distribution Finance Capital Holdings plc

("DF Capital" or the "Company" together with its subsidiaries the "Group")

Chief Financial Officer Retirement

Distribution Finance Capital Holdings plc, the specialist bank providing working capital solutions to dealers and manufacturers across the UK, today announces the intended retirement of Gavin Morris, the Group's Chief Financial Officer, effective 31 December 2025.

The Board has started the process to identify a successor to Gavin and will provide a further update once a candidate is appointed. Gavin will continue to play an active role in the Group as an executive director through an extended handover period until his retirement date at the end of 2025, allowing for a smooth transition to his successor.

The Group intends to announce its quarterly trading update for the three months ended 30 September 2024 on 9 October 2024.

Carl D'Ammassa, Chief Executive, commented: "Gavin has been instrumental on DF Capital's growth journey and the Group receiving authorisation as a bank just over four years ago. Whilst Gavin will be undoubtedly missed, I understand and respect his desire to step back from executive duties to fulfil non-executive and consultancy roles closer to his family home in Bristol. I'm delighted that he will remain with us until the end of 2025, supporting an effective handover once the Board has identified a suitable candidate to lead our finance team as we progress our ambitious plans to further scale the Group and deliver mid-to-high teens returns for our shareholders over the medium term".  

For further information contact:

Distribution Finance Capital Holdings plc
Carl D'Ammassa - Chief Executive Officer	[phone]
Kam Bansil - Head of Investor Relations	[phone]
http://www.dfcapital-investors.com
Panmure Liberum Limited (Nomad and Joint Broker)	[phone]
Chris Clarke
William King
Anake Singh

 

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