ALD: withdraws FY targets, appoints new CEO
(CercleFinance.com) - ALD believes that its operational performance will be impacted by the economic situation created by the COVID-19 epidemic, and has therefore withdrawn its targets for 2020, as announced in February.
It intends to provide a new outlook as soon as the situation permits.
However, the fleet management and car leasing company announces that it still has a "solid" financial position and "it fully intends to pay out its 2019 dividend as previously announced".
"ALD is closely monitoring the current COVID-19 situation and has put in place the necessary measures to ensure business continuity, with consideration for staff and client health and safety as a priority," the group said.
The company has also announced the appointment of Tim Albertsen as its new CEO, replacing Mike Masterson, who resigned for health reasons, as announced on 6 February. Mr Masterson will however remain on its board of directors.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
It intends to provide a new outlook as soon as the situation permits.
However, the fleet management and car leasing company announces that it still has a "solid" financial position and "it fully intends to pay out its 2019 dividend as previously announced".
"ALD is closely monitoring the current COVID-19 situation and has put in place the necessary measures to ensure business continuity, with consideration for staff and client health and safety as a priority," the group said.
The company has also announced the appointment of Tim Albertsen as its new CEO, replacing Mike Masterson, who resigned for health reasons, as announced on 6 February. Mr Masterson will however remain on its board of directors.
Copyright (c) 2020 CercleFinance.com. All rights reserved.