First Group board appointments including new CFO

Ryan Mangold has been appointed to the First Group board as chief financial officer and Julia Steyn has been appointed as an independent non-executive director, while senior independent director Drummond Hall will step down from the Board on 31 May 2019 to be succeeded by David Robbie, who continues to chair the audit committee.

Mangold was group finance director of homebuilder Taylor Wimpey for eight years until April 2018, having originally joined in 2009 as group financial controller. Prior to this, he worked in the mining and resources sector, joining the Anglo American group of companies in 1999 as financial analyst before becoming group financial controller of Mondi Group in 2004.

Steyn served as vice president, urban mobility and Maven at General Motors until earlier this year. Maven combines GM’s car- and ride-sharing offerings, including its strategic alliance with Lyft, under a single personal mobility brand. She first joined GM in 2012 as vice president, corporate development and global M&A to manage GM’s partnerships globally while also developing merger and acquisition opportunities. Prior to this, Julia was vice president and co-managing director for Alcoa’s corporate development group, having previously worked in London, Moscow and New York for Goldman Sachs and AT Kearney.

“Ryan is a business transformation leader who brings a wealth of experience from other sectors and a strong track record of executing complex corporate changes to enhance shareholder value,” says FirstGroup chief executive Matthew Gregory. “I am confident he will make a major contribution as we continue to drive forward our plans to unlock greater value from our portfolio of market-leading businesses.”

Mangold’s annual salary will be £450,000 and the company’s contribution to his pension will be 15 per cent.

www.firstgroup.com

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