Applegreen CFO to leave after two and a half years

Paul Lynch, chief financial officer of Irish petrol retailer Applegreen, has decided to step down from his position after two and half years.

Applegreen said it has started to look for a successor immediately and Lynch, who was appointed CFO in July 2014 and joined the board as a director in August 2014, will stay in his position until the 30 June in order to facilitate a smooth transition.

Lynch, who lead the finance and IT functions, helped plan and manage the company floating on London's Alternative Investment Market (AIM) and Ireland’s Enterprise Securities Market (ESM) in June 2015.

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 initial public offering and has considerably enhanced the finance and IT function which has been of significant benefit to the Company."

Lynch added: "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."