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Sodha streams into De La Rue CFO role

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.

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