Auto Trader Group plc APPOINTMENT OF EXECUTIVE DIRECTOR (8152A)
29 March 2017 - 5:02PM
UK Regulatory
TIDMAUTO
RNS Number : 8152A
Auto Trader Group plc
29 March 2017
29 March 2017
AUTO TRADER GROUP PLC
APPOINTMENT OF EXECUTIVE DIRECTOR
Auto Trader Group plc (LSE: AUTO, "Auto Trader" or the
"Company") the UK's largest digital automotive marketplace, is
pleased to announce that Nathan Coe has been appointed Chief
Operating Officer and Executive Director of the Company. He will
join the Board from 1 April 2017.
Nathan joined Auto Trader in 2007 to oversee the transition from
a magazine business to being a pure digital company. He was
responsible for launching a number of new business areas, and led
the company's early entry and subsequent growth in mobile and
online. For the past two years, Nathan has been the joint
Operations Director, sharing responsibility for the day-to-day
operations of the business.
Prior to joining Auto Trader, Nathan was at Telstra, Australia's
leading telecommunications company, where he led Mergers and
Acquisitions and Corporate Development for its media and internet
businesses. He was previously a consultant at PwC, having graduated
from the University of Sydney with a B.Com. (Hons).
Commenting on the appointment, Ed Williams, Chairman of Auto
Trader, said:
"On behalf of the whole Board I would like to congratulate
Nathan on his appointment as COO, and welcome him to the Board.
Nathan has been central in shaping Auto Trader into one of the UK's
leading digital businesses, and the creation of the Board level
role of COO reflects our confidence in his abilities and strong
leadership qualities."
Nathan Coe commented:
"After almost ten years at Auto Trader, I am delighted to be
joining the Board. I am very proud of what the business and our
people have achieved and am excited to work with the Board and the
wider leadership team to help shape the next phase of Auto Trader's
journey."
Following Nathan's appointment, the Board will comprise three
Independent Non-Executive Directors, three Executive Directors and
the Non-Executive Chairman. The composition of the Board is
therefore compliant with the provision of the UK Corporate
Governance Code that at least half the Board (excluding the
Chairman) should be independent.
Nathan's service contract, remuneration and benefits will be
consistent with Auto Trader's Directors' Remuneration Policy as
approved by shareholders at the 2015 AGM, and the details of his
remuneration package will be included in the 2017 Annual Report
which will be published in June 2017. There are no disclosures
required in respect of this appointment under paragraph 9.6.13 of
the Listing Rules of the Financial Conduct Authority.
Enquiries:
Powerscourt +44 (0)20 7250
autotrader@powerscourt-group.com 1446
About Auto Trader
Auto Trader Group plc is the UK and Ireland's largest digital
automotive marketplace. Auto Trader sits at the heart of the UK's
vehicle buying process and its primary activity is to help vehicle
retailers compete effectively on the marketplace in order to sell
more vehicles, faster. Auto Trader listed on the London Stock
Exchange in March 2015 and is now a member of the FTSE 250
Index.
The marketplace brings together the largest and most engaged
consumer audience. Auto Trader has over 90% prompted brand
awareness and attracts circa 60 million monthly cross platform
visits each month, with circa 70% of visits coming through mobile
devices.
The marketplace also has the largest pool of vehicle sellers
(listing more than 430,000 cars each day). Over 80% of UK
automotive retailers advertise on autotrader.co.uk.
For more information, please visit
http://about-us.autotrader.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
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