Resignation of CFO

CT Automotive Group PLC

28 January 2026

 

28 January 2026

CT Automotive Group plc

("CT Automotive" or the "Group")

Resignation of CFO

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: [phone]

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 manufacturers ("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 with additional manufacturing facilities in Mexico and Türkiye and distribution facilities and assembly lines in Europe, Asia and the US.  The Company has a low cost design and administrative centre in India.

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 portfolio of OEM customers, both directly and via Tier One suppliers including Forvia and Marelli.  End customers include volume manufacturers, such as Nissan, Ford, GM and Volkswagen Audi Group, and premium luxury car brands such as Bentley and Lamborghini.  In addition, the Group supplies all our customer base with a range of products for PHEV and BEV platforms and supplies electric car manufacturers, including Rivian and a US based major EV OEM.

The Group currently supplies component part types to over 55 different models for 22 OEMs. Since its formation, the Group has been one of the very few new entrants to the market, which is characterised by high barriers to entry.

 

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