DX announced the appointment of Paul Ibbetson, Managing Director of DX Freight, as Chief Executive Officer of the Group. His appointment takes immediate effect and accordingly, Mark Hammond, Executive Chairman, relinquishes his executive role to become Non-executive Chairman. Paul has over 25 years' senior experience in the freight, parcels and logistics sectors.

He joined DX in November 2017 as a senior member of the incoming turnaround team. Since then, he has led the DX Freight division as its Managing Director and has been instrumental in its transformation to profitability, cash generation and growth from its prior position of substantial losses. He has also been responsible for the division's restructuring, including the sales and commercial functions.

Paul is retaining responsibility for the management of DX Freight in the short-term until a new appointment is made.