FirstGroup has announced that Matthew Gregory will be appointed as chief financial officer with effect from 1 December 2015.
Gregory joins the transport outfit – which operates in both the UK and North America – from FTSE 250 components and solutions company Essentra.
Commenting, FirstGroup chief executive Tim O’Toole said: “I am delighted to welcome Matthew to FirstGroup as CFO; he is highly experienced and has a strong track record of value creation. We look forward to benefiting from his financial, strategic and organisational expertise and international experience. I am confident Matthew will make a significant contribution to the team as we continue to convert the group’s considerable potential into sustainable value creation.”
Gregory joined Essentra in 2003 and was appointed group FD in 2012. Prior to that he held a number of senior roles, such as corporate development director with responsibility for group strategy, planning and business development, and FD in a number of its businesses.
Essentra said it had begun the search for a replacement, and “consistent with the company’s succession planning”, Stefan Schellinger, currently its corporate development director, will assume the role of interim group finance director with immediate effect.