MotorK Appoints Federico Lozano as Group CFO

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LONDON--(BUSINESS WIRE)-- Regulatory News:

MotorK PLC (AMS: MTRK) ("MotorK", the "Group" or the "Company"), a leading SaaS provider to the automotive retail industry in the EMEA region, today announced the appointment of Federico Lozano, Head of FP&A, as Group CFO.

Mr Lozano is promoted from Head of FP&A, a role he has held since 2025. He joined MotorK in early 2023 from MercadoLibre (NASDAQ: MELI), Latin America's largest eCommerce and fintech group, where he focused on financial planning for the online payments and insurtech businesses. At MotorK he was central to building the Group's financial planning and analysis capability, including tools, processes and team, and led Revenue Operations alongside it as principal finance partner to the commercial organisation on sales performance and commission governance. Together, that work has been instrumental in driving MotorK's progress towards profitable growth. As Group CFO, he will lead the Finance organisation with responsibility for financial planning and reporting, accounting, treasury and order to cash. He succeeds Zoltán Gelencsér, who was appointed interim CEO of the Group last June.

Zoltán Gelencsér, Interim Group Chief Executive Officer, commented: "I’m excited that we have built a bench in finance that allows us to appoint a successor internally. Federico has demonstrated great talent and commitment leading to a steep career progression since 2024 when I first started working with him. He consistently combines analytical rigour with a solutions-first collaborative approach, and the finance function he has helped build gives us a strong platform for the next phase. As I concentrate on the Group's strategic agenda, I hand him the baton on finance with full confidence."

Federico Lozano, Group Chief Financial Officer, added: "I am grateful to the Board for this appointment, and to Zoltán for his confidence. Finance has been close to the commercial engine of this business, and that partnership is what I want to build on as Group CFO. My focus will be on disciplined, profitable growth across our European markets, supporting the executive team with the financial rigour behind our decisions, and working closely with Zoltán and the leadership team as we deliver the next phase of the strategy. Above all, I want to keep developing the finance team so we become an even stronger partner to every part of this business”

Forward-looking information and disclaimer
This press release may include forward-looking statements. Other than reported financial results and historical information, all statements included in this press release, including, without limitation, those regarding our financial position, business strategy and management plans and objectives for future operations, may be deemed to be forward-looking statements. Without limitation, any statements preceded or followed by or that include the words “targets”, “plans”, “believes”, “expects”, “aims”, “intends”, “anticipates”, “estimates”, “projects”, “will”, “may”, “would”, “could” or “should”, or words or terms of similar substance or the negative thereof, are forward-looking statements. These forward-looking statements are based on our current expectations, projections and key assumptions about future events and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Many of these risks and uncertainties relate to factors that are beyond MotorK’s ability to control or estimate precisely, such as future market conditions, the behavior of other market participants and the actions of governmental regulators. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release and are subject to change without notice. Other than as required by applicable law or the applicable rules of any exchange on which our securities may be traded, we expressly disclaim any obligation or undertaking to update or revise publicly any forward-looking statements, whether because of new information, future events or otherwise.

Important information
This press release contains information within the meaning of Article 7(1) of the Market Abuse Regulation (596/2014).

ABOUT MOTORK PLC
MotorK (AMS: MTRK) is a leading software as a service (“SaaS”) provider for the automotive retail industry in the EMEA region, with approximately 290 employees and offices in eight countries (Italy, Spain, France, Germany, Belgium, the UK, and Israel). MotorK empowers car manufacturers and dealers to improve their customer experience through a broad suite of fully integrated digital products and services. MotorK provides its customers with an innovative combination of digital solutions, SaaS cloud products and the largest R&D department in the automotive digital sales and marketing industry in Europe. MotorK is a company registered in England and Wales. Registered office: 5th Floor One New Change, London, England, EC4M 9AF - Company Registration: 9259000. For more information: www.motork.io or investors.motork.io.