Business
Appointment of Director
Cordel Group PLC announced the immediate appointment of Jeffrey Songer to its Board as a Non-executive Director, bringing over 30 years of US rail industry experience, including leadership in the $31 billion Kansas City Southern Railway acquisition. Songer, who has served on Cordel's advisory board since 2024, holds 300,000 share options with an exercise price of £0.073, vesting on April 11, 2028. His expertise in operations, engineering, finance, and Positive Train Control systems is expected to significantly enhance Cordel's operational and strategic planning within the global rail industry. Disclaimer*
About this update from Cordel Group Plc
6 January 2026 Cordel Group PLC ("Cordel" or the "Company" or the "Group") Appointment of Director Cordel Group PLC (AIM: CRDL), the Artificial Intelligence platform for transport corridor analytics, is pleased to announce the appointment of Mr Jeffrey Songer to the Board as a Non-executive Director, with immediate effect. Mr Songer is an established senior USA rail industry executive with over 30 years of experience in operations, engineering and finance. Most recently, he led the merger and integration activities for the Kansas City Southern Railway, acquired by the Canadian Pacific Railway for $31 billion in April 2023. Ian Buddery, Chairman, Cordel, said: "We are delighted to welcome Jeff to the main board, after serving on our advisory board since 2024. His extensive USA rail experience will add significant value to our operational and strategic planning. His wide expertise includes the implementation and operation of Positive Train Control systems and the procurement processes of major US railroads. He will help us to further raise our profile and connect to leaders in the global rail industry." The disclosures required by Schedule 2(g) of the AIM Rules for Companies in respect of Jeffrey Songer are set out in the Appendix to this announcement. Enquiries: Cordel Group PLC c/o Cavendish Ian Buddery, Chairman John Davis, Chief Executive Officer Cavendish Capital Markets Limited, Broker +44 (0)20 7908 6000 Marc Milmo Sunila de Silva (Corporate Broking) Strand Hanson Limited, Nominated Adviser Richard Johnson / James Bellman +44 (0)20 7409 3494 About Cordel Cordel produces specialist hardware and software for capturing, analysing and reporting on large datasets within the transport sector, employing sophisticated artificial intelligence algorithms. Further information on the Company is available at: www.cordel.ai Appendix Full Name: Jeffery Mark Songer Age: 56 Current Directorships/Partnerships Past Directorships/Partnerships within last 5 years Songer Rail Consulting, LLC Panama Canal Railway The Greenbrier Companies, Inc. Make-A-Wish Charitable Foundation Missouri and Kansas Transportation Technology Center, Inc. Kansas City Southern Railway Co Gateway Eastern Railway Co PABTEX INC Panarail Tourism Compan...