Diploma introduces its new CFO

Diploma introduces its new CFO

Diploma PLC (LON:FTC), group of international businesses supplying technical products and services, announced its new  CFO Designate Barbara Gibbes.

Mrs Gibbes will join the company at the beginning of March 2020 and after a period of transition, will join the Board as CFO on the 22nd of June.

Nigel Lingwood will step down from the Board and will facilitate the handover until his departure on the 30th of September 2020.

Gibbes is a chartered accountant having qualified with Deloitte LLP before going on to become Director in Audit and Assurance. Since, she has held senior finance roles at Management Consulting Group (LON:MMC), Domino’s Pizza (NYSE:DPZ) and Intu Properties (LON:INTU).

Diploma comments

Company Chief Executive Johnny Thomson, stated:

“I am delighted to welcome Barbara to Diploma. She has a wealth of experience and a strong track record in fast paced, decentralised, service-orientated environments. She has strategic vision, strong commercial acumen and a track record of execution. I have no doubt that Barbara is an excellent fit for Diploma, and I am really excited about working with her to deliver our strategic objectives and the next phase of growth.”

Barbara Gibbes added:

“I am looking forward to joining Diploma. The business has an excellent track record of value-added customer service and strong returns, and I look forward to working with Johnny and the management team to further develop and realise the Group’s potential.”

Investor notes

Diploma shares were up 0.71% or 14.00p to 1,984.00p per share 06/02/20 15:10 GMT. Peel Hunt analysts reiterated their ‘Hold’ stance on the company’s stock. The Group’s p/e ratio is 30.64, their dividend yield stands at 1.46%.