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AMA finance chief moves on

Vehicle repairer AMA Group says CFO Geoff Trumbull has resigned to take up the chief financial role at an unlisted company in an unrelated industry.

AMA has started a recruitment process and says it will work on an orderly transition with Mr Trumbull, who has a six-month notice period.

Mr Trumbull joined the company in February 2022 from Transurban Group, and previously held roles in corporate advisory and finance across the infrastructure, industrial and consumer sectors.

AMA has undergone a period of upheaval in recent years as it battled rising costs in the crash repair industry. It has sought to renegotiate arrangements with key insurer customers.

The company last month reported third-quarter unaudited earnings before interest tax, depreciation and amortisation (EBITDA) of $11.1 million and maintained guidance for full-year normalised EBITDA of $42-$49 million.

CEO Mathew Cooper today thanked Mr Trumbull for his contributions over the past two years.

“Geoff has been a committed CFO who has led the finance function for the group through significant change,” he said.