A strengthening of the Board

Driver Group is currently part way through a rationalisation of its Middle Eastern and APAC businesses, following losses generated in the regions during H1 ’22. The combination of the new CFO announced, Charlotte Parsons, and the commissioning of a new ERP software will result in more timely reporting procedures and improved management information. Charlotte has extensive experience within the consulting sector and providing high-level strategic and change management advice to several Boards.

We withdrew estimates following the trading update at the end of March. The appointment of the new CFO represents positive news, with more anticipated over the next few months. We expect to reinstate estimates once greater certainty emerges.