National Express CFO steps down

National Express has announced that Chris Davies, its group chief financial officer, is set to take up the role of group chief financial officer at Diploma PLC.

Davies joined National Express in May 2017 as a member of the board and group executive team, and played a key role in setting the company’s Evolve strategy, its strong recovery post pandemic and the ongoing transition of its fleet to zero emission vehicles. 

He is subject to a six month notice period and will work with the board and the group executive to ensure a smooth transition. 

Ignacio Garat, Chief Executive of National Express, said:  “I would like to take this opportunity, on behalf of all of the board, to thank Chris for his contribution to National Express over the last 5 years, and in particular for his leadership of the company as Interim CEO for a period during 2020. 

“From a personal perspective, I have very much appreciated Chris’s support since I took over as Group Chief Executive in November 2020 and wish him well in his new role.”

Davies said: “I have very much enjoyed my time at National Express. It is a great business, playing an important role in societies across the UK, Europe and North America. 

“As demonstrated by our recent half year results, the Evolve strategy is delivering strong growth with momentum across the portfolio”.