Diploma CFO Chris Davies resigns with immediate effect

(Sharecast News) - Diploma said on Thursday that chief financial officer Chris Davies has resigned with immediate effect. "This decision follows a recent company event where, through a lapse in judgement, his personal behaviour did not meet the high standards required of the group's leadership team," the company said in a brief statement.

It said Davies' resignation is unrelated to Diploma's financial performance and the group's guidance for FY25 is unchanged.

Group financial controller Wilson Ng has been appointed acting group CFO. A process to identify a permanent successor is being initiated, Diploma said.