Global Auto Holdings (TopCo) Limited ("GAHL" or the "Company") is pleased to advise of two significant personnel moves in advance of major corporate initiatives we expect to complete during 2026:
- Derek Chiu, CFO of GAHL has been promoted to GAHL Vice Chair
- Margaret Ferrer has been appointed CFO of GAHL
Margaret Ferrer:
Margaret joins us from Weber LLC where she led a significant improvement in the company's financial results, free cash flow and operational execution in addition to the integration of a large acquisition.
Margaret's primary focus at GAHL will be further developing and building out the necessary systems and processes to ensure a smooth transition to what we expect will be a meaningful equity event in addition to further reinforcing GAHL's best in class operational excellence programs to facilitate further growth. Margaret embodies the 4C's and 4 D's and we look forward to her contributions in furthering GAHL's best in class platform.
Derek Chiu:
Derek has been a key member of the GAHL, and its predecessor's, executive team since 2019 when he joined as Chief Accounting Officer, ultimately becoming CFO the same year.
Within Derek's first full year as CFO he also had to manage us through the early days of the pandemic where the situation was quite dire, lean on our banks to fund our first acquisitions coming out of the pandemic and through to our transformative UK acquisition and Nordic expansion, the latter two turning us into a global powerhouse along with the issuance of ~$1.6 billion in publicly traded bonds. Throughout his tenure Derek's talent, professionalism and sense of urgency allowed us to expand our Group to its current global positioning with a significant EBITDA base and over $1 billion of liquidity - a far cry from the $7.5 mm of liquidity when he became CFO.
During Derek's tenure GAHL's revenue and EBITDA have increased ~900%. He has been a key partner throughout and will continue to be for many years to come.
Derek's new role as Vice Chair will entail working with Kuldeep Billan and Roy Cui at the ultimate holding company of the Group to focus on oversight of each of our individual platforms as a key board member, overseeing capital structure and leading various growth initiatives including those involving public markets where he is currently focused.
We expect 2026 to mark a significant milestone for GAHL and we are confident these personnel moves will continue our track record of significant value creation for the Group and its stakeholders for many years to come.