Trainline CEO Gilmartin to step down
Shares in rail and coach booking platform Trainline fell more than 12% on Tuesday morning after the group revealed that chief executive Clare Gilmartin would be stepping down from both the role and its board at the end of February 2021.
Trainline said Gilmartin, who has been at the helm for around seven years, will be replaced by chief operating officer Jody Ford, who joined the company just last month after previously having held the role of CEO at Photobox.
The FTSE 250-listed firm added that Gilmartin, who opted to leave the role in order to spend more time with her family, would remain involved in the business following Ford's appointment as a senior advisor, supporting the management team and its wider industry partners.
Gilmartin said: "The decision to step down next year is a personal one; after seven years at the helm the time has come for me to spend more time with my family.
"I am immensely proud of our progress over the last several years - including driving the advancement of digital ticketing and the customer shift online, our international expansion and our track record for meeting and exceeding expectations, particularly in our first year as a public company."
As of 1135 BST, Trainline shares were down 12.49% at 291.40p.