Trainline plc (LON:TRN) has announced that Shaun McCabe, Chief Financial Officer (CFO), has informed the Board that after six years with the Company he has decided to step down, effective 15th September 2022, in order to assume the role of CFO at boohoo group plc (LON:BOO).
Shaun will continue as CFO of Trainline until that time. Peter Wood, Vice President of Finance, will assume the role of interim CFO whilst the process to appoint a successor is underway. Peter has been with Trainline for seven years. In that time, he has played a central role in financial control, planning and analysis, as well as our engagement with industry and regulatory stakeholders.
The Company continues to make good financial and operational progress, growing strongly in the UK and internationally, and the Board’s expectations for the full year (FY2023) remain unchanged.
Brian McBride, Chair of Trainline, commented: “I would like to thank Shaun for his outstanding leadership as CFO. He has navigated Trainline through a period of significant challenge, including the impact of COVID-19, and leaves a business well placed to grow strongly in the UK and in Europe.”
Jody Ford, CEO of Trainline plc, commented: “Trainline is growing at pace and Shaun has contributed hugely to its success. He has built a talented Finance team that is supporting the wider business as it delivers on our strategic priorities. We all wish him every success for his next chapter.”
Shaun McCabe, CFO of Trainline, commented: “I am very proud of the business Trainline has become. In stepping down after six years as CFO, I know Trainline is in a strong position, with accelerating performance in the UK and internationally. It is the right time for me to pursue a new challenge.”
