LONDON: Mobico Group Plc announces that Ignacio Garat, CEO, will be stepping down from his position with effect from 30 April 2025. Ignacio joined Mobico in 2020 and will remain with the Group for the next three months, moving to an advisory role to support a smooth transition.
The Board will launch a search for his successor with Phil White, Chair designate, taking on the role of Executive Chair on an interim basis with effect from 1 May 2025. As previously noted, Phil has over 40 years’ experience in the transport sector and has held a range of non-executive roles across different industries. He was previously CEO of National Express Group plc between 1997 and 20061, during which time he expanded the business internationally and oversaw the transformational acquisition of Alsa.
Helen Weir, Chair, commented: “Ignacio has worked tirelessly on behalf of Mobico and, on behalf of the Board, I would like to thank him for his contribution. With the sale of North America School Bus concluded, and our full-year results announced, we agreed with Ignacio that now was the right time for a change in leadership.”
Ignacio Garat, CEO, said: “The last two years have not been without their challenges as we have had to respond and adapt to a series of market headwinds. However, I’m proud of the role our 51,500 employees carry out each and every day to help support our customers and the communities they serve. It has been a privilege to work alongside the team.”
Phil White added: “We must now focus on building a business that is fit for the future. Working alongside the Board and leadership team, my priorities as Executive Chair will be to accelerate the pace of operational and financial improvements, appoint a CEO for Mobico’s next chapter and to ensure that the value inherent in the Group’s portfolio is better reflected.”