FirstGroup PLC Announces Retirement of Chairman David Martin
FirstGroup PLC has announced the retirement of David Martin, Chairman of the Board. The transition and appointment of a new Chairman will be led by Peter Lynas, the Senior Independent Director. David Martin, who was appointed Chairman in August 2019, has overseen significant changes in the company's strategy, including the sale of North American businesses, a tender offer to shareholders, and a reduction in pension liabilities. The company has also seen a material increase in profit in FY 2024, driven by progress in both First Bus and First Rail.
Graham Sutherland, Chief Executive Officer, expressed gratitude for David's contribution and strategic progress, while David Martin stated, "I am proud of the progress that we have made at FirstGroup over the last five years under my Chairmanship." The company will make a further announcement on the timing of David Martin's retirement. FirstGroup PLC is a leading private sector provider of public transport services, with a strong balance sheet and a focus on delivering significant value for shareholders. For more information, visit www.firstgroupplc.com.