Applegreen CFO to step down

Applegreen chief financial officer Paul Lynch has decided to leave the company.

Lynch joined Applegreen as CFO in July 2014 and was appointed a board director in August 2014.

Applegreen said it would start a process to appoint a successor immediately and that Lynch would remain in his position until 30 June to facilitate an orderly transition.

Chief executive Bob Etchingham said: "On behalf of everybody in Applegreen, I would like to thank Paul for his considerable contribution to the development of the business.

"He played a pivotal role in the IPO and has considerably enhanced the finance and IT function which has been of significant benefit to the company.

"We wish him well in the years ahead."

Lynch said: "I have very much enjoyed the challenge at Applegreen.

"The business has travelled a long distance since I joined and is now well placed to meet its strategic objectives.

"I wish Bob and the team the very best for the future."

At 8:06am: (LON:APGN) Applegreen Plc share price was -0.38p at 402.5p