Resignation of CFO
CT Automotive Group PLC announced the immediate resignation of its Chief Financial Officer, Salman Mohammed. Day-to-day financial operations will be managed by Anshul Gupta and Victoria Thomas, reporting to the Board with assistance from Geraint Davies. The company anticipates full-year 2025 revenues will align with market expectations, and reported a net debt of $7.7 million as of December 31, 2025.
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The Company announces that Salman Mohammed, Chief Financial Officer, has resigned from his role with immediate effect.
Anshul Gupta (Group Head of Finance) and Victoria Thomas (Group Financial Controller) will continue to manage the day-to-day financial operations of the Company and will report to the Board with the assistance of Geraint Davies, Senior Independent NED and Chair of Audit and Risk Committee.
The Board is pleased with the underlying performance of the business in FY25 and provisionally expects revenues for the year to be in line with market expectations with net debt of $7.7m as at 31 December 2025. The Board will release its detailed trading update in due course.
CT Automotive Raymond Bench, Non-Executive Chairman Simon Phillips, Chief Executive Officer
| Singer Capital Markets Advisory LLP ( Nominated Adviser and Broker) Alex Bond, James Todd, Samed Ethemi | Tel: +44 (0)20 7496 3000 |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.