DE LA RUE, the world’s largest commercial banknote printer and passport manufacturer, has announced the appointment of Jitesh Sodha as Chief Financial Officer.
CIMA-qualified Sodha will join the business and take up his board position on 10 August 2015.
His most recent role was at Greenergy, a UK distributor of petrol, diesel and biofuels, where he served as CFO from 2008 until May 2015. Previous CFO positions include AIM listed Mobilestreams and T-Mobile International UK.
Sodha will replace Colin Child, who steps down from the board at the conclusion of the 2015 annual general meeting.
Philip Rogerson, chairman, De La Rue, said: “Jitesh’s wide ranging financial and commercial experience gained within a number of large international businesses will be an asset to the Company and I look forward to welcoming him to De La Rue.”
A profit warning, issued in September 2014, saw the company’s shares plunge 29%, the largest single-day fall in a decade, and knocked £200m off the market capitalisation.