CT Automotive Group PLC Director Appointment (6818M)

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RNS Number : 6818M

CT Automotive Group PLC

18 September 2023

18 September 2023

CT AUTOMOTIVE GROUP PLC

("CT Automotive" or the "Company")

Director Appointment

Further to the announcement of 17 August 2023, CT Automotive, a leading designer, developer and supplier of interior components to the global automotive industry, is pleased to confirm the appointment of Geraint Davies as an independent Non-Executive Director with immediate effect.

Further information on Geraint Davies

Geraint Charles Boyens Davies, aged 67, is, or has been, a director or partner of the following companies or partnerships during the past five years:

 
 Current directorships and partnerships   Past directorships and 
                                           partnerships 
 Boyens Limited                           Ernst & Young Europe LLP 
  SCI Phoebe 
  SCI Bellem 
  SCI Mebel 
 

Geraint Davies does not hold any interest in the ordinary shares of the Company.

There is no further information required to be disclosed in respect of Geraint Davies pursuant to Rule 17 or Schedule 2 (g) of the AIM Rules for Companies.

For further information please contact:

 
 CT Automotive                      via MHP 
  Simon Phillips, Chief Executive 
  Officer 
  Anna Brown, Chief Financial 
  Officer 
 
 MHP (Financial PR)                 Tel: [phone] 
  Tim Rowntree                       [e-mail] 
  Charlie Barker 
 
 Liberum (Nominated Adviser         Tel: [phone] 
  and Broker) 
  Richard Lindley 
  Benjamin Cryer 
 

Notes to editors

CT Automotive is engaged in the design, development and manufacture of bespoke automotive interior finishes (for example dashboard panels and fascia finishes) and kinematic assemblies (for example air registers, arm rests, deployable cup holders and storage systems), as well as their associated tooling, for the world's leading automotive original equipment suppliers ("OEMs") and global Tier One manufacturers.

The Group is headquartered in the UK with a low-cost manufacturing footprint. Key production facilities are located in Shenzhen and Ganzhou, China complemented by additional manufacturing facilities in Mexico, Turkey and the Czech Republic.

CT Automotive's operating model enables it to pursue a price leadership strategy, supplying high quality parts to customers at a lower overall landed cost than competitors. This has helped the Group build a high-quality roster of OEM end customers, both directly and via Tier One suppliers including Faurecia and Marelli. End customers include volume manufacturers, such as Nissan, and luxury car brands such as Bentley and Lamborghini. In addition, the Group supplies electric car manufacturers, including Lucid. It is also working with e.Go Mobile, a German manufacturer which plans to launch a series of small electric vehicles for the budget end of the market.

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September 18, 2023 02:00 ET (06:00 GMT)