Business
Resignation of CFO
CT Automotive Group PLC announced the immediate resignation of its Chief Financial Officer, Salman Mohammed. Day-to-day financial operations will be managed by Anshul Gupta and Victoria Thomas, reporting to the Board with assistance from Geraint Davies. The company anticipates full-year 2025 revenues will align with market expectations, and reported a net debt of $7.7 million as of December 31, 2025. Disclaimer*
About this update from Ct Automotive Group Plc
[{"type":"text","content":"\n\n28 January 2026\n \n\nCT Automotive Group plc\n(\"CT Automotive\" or the \"Group\")\nResignation of CFO\n \nThe Company announces that Salman Mohammed, Chief Financial Officer, has resigned from his role with immediate effect.\nAnshul 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.\nThe 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.\n \n \n\n\n\n\nCT Automotive\nRaymond Bench, Non-Executive Chairman\nSimon Phillips, Chief Executive Officer\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\nSinger Capital Markets Advisory LLP (Nominated Adviser and Broker)\nAlex Bond, James Todd, Samed Ethemi\n \n\n\nTel: +44 (0)20 7496 3000\n\n\n\n\nNotes to editors\nCT 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.\n \n\n\nThe 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.\nCT 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 luxur...