Trifast plc (TRI.L), a manufacturer of industrial fastenings, announced Tuesday that Kate Ferguson has been appointed to the Board as an Executive Director and will take up the Chief Financial Officer role on a permanent basis with immediate effect. Ferguson has been acting as Interim CFO.
Ferguson joined the TR business in August 2023 as Group Financial Controller. She holds around 25 years of experience working across a variety of industries in senior financial management roles both in the private and public entities in the UK and overseas.
The appointment comes after the completion of an executive search process.
Serena Lang, Non-Executive Chair, said, "During the search process Kate came out very strongly as a team player with all round financial acumen for a CFO role. Working as an integral member of the TR Executive leadership team over the last six months she has demonstrated strategic focus, collaborative and people engagement skills, and the determination to be part of the evolution of TR's transformational change programme. Kate has also played a key role redefining our financial focus including streamlining processes and efficiencies, stabilising our balance sheet through the delivery of stronger inventory controls, continuing our debt reduction programme and focus to improve EBIT margins over the medium term."
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