Francisco Iglesias appointed Mobico Group CEO

Francisco ("Paco") Iglesias to be appointed to the Mobico Board as Group CEO

Mobico Group Plc is pleased to announce the appointment of Paco Iglesias as Group Chief Executive Officer. Paco is currently Group Chief Operating Officer, a position he has held since February 2025, and has been CEO of Mobico's Alsa division since 2016.

Paco will take up the Group CEO role and join the Mobico Board on 1 April 2026. Phil White will remain as Mobico's Executive Chair until 30 September 2026 and will then re-assume his role as Non-Executive Chair from 1 October 2026. Phil will work closely with Paco to ensure an orderly transition of executive duties.

Paco joined Alsa in 1991 and has held a range of senior management positions. Under his leadership, the business has grown significantly and established itself as the leading Spanish road passenger transport business. This has included successfully diversifying away from long-haul services into sectors including regional and urban bus and medical transport, as well as expanding internationally into Portugal, Switzerland, Morocco and Saudi Arabia. As Group COO, Paco has led initiatives to bring best practice from Alsa to the wider group and is overseeing the integration of UK Coach into Alsa.

Alongside his role as Group CEO, Paco will continue to oversee Alsa, supported by a strong divisional leadership team.

Phil White, Mobico Executive Chair, said: "Since my appointment as Executive Chair some 12 months ago, meaningful progress has been made to stabilise the business including the introduction of the 'Simplify, Strengthen and Succeed' strategy, reaching a key milestone in our German business and integrating UK Coach into Alsa".

"Under Paco's leadership, Alsa has delivered exceptional performance and he has been the driving force of Mobico's growth for some time. He is the ideal candidate to lead the business in its next chapter of growth and to ensure the value inherent in the Group's portfolio is better reflected. I look forward to supporting Paco, Brian and the rest of the team."

Paco Iglesias, Group CEO designate, said: "Having worked within Alsa and across the wider group for many years, I have seen the commitment of our people and the underlying strength of our businesses. We are making tangible progress in simplifying and strengthening Mobico. My priority as CEO will be to build on that momentum, delivering first class customer service while improving our operational performance and maintaining our financial discipline. I am grateful for the support of Phil, Brian and the rest of the Board and look forward to leading Mobico through the next phase of its development."

Mobico contacts for enquiries:

• Legal Entity Identifier: 213800A8IQEMY8PA5X34.
• This announcement is made pursuant to UKLR 6.4.6R(1) - (4) and UKLR 6.4.8R of the UK Listing Rules.
• No other details in relation to Mr Iglesias's appointment are required to be disclosed in respect of Rule 6.4.8 of the UK Listing Rules.
• Information about Mr Iglesias's remuneration arrangements will be disclosed in the Group's Annual Report & Accounts.