Pendragon PLC Directorate Change (6895M)
18 September 2019 - 4:01PM
UK Regulatory
TIDMPDG
RNS Number : 6895M
Pendragon PLC
18 September 2019
Pendragon PLC ("Pendragon" or the "Company")
Directorate Change - Appointment of Executive Chairman
Pendragon PLC ("the Company") today announces that Non-Executive
Chairman Chris Chambers will step down from the Board on 1 October
2019. Subsequently, Non-Executive Director Bill Berman has agreed
to assume, on an interim basis, the newly created role of Executive
Chairman with effect from 1 October 2019. Bill will provide
leadership and strategic direction of the Company while the process
for recruitment of a new Chief Executive Officer continues and the
process for the recruitment of a new Non-Executive Chairman
commences.
Bill Berman joined Pendragon as a Non-Executive Director in
April 2019 following an extensive career with AutoNation, the
largest automotive retailer in America, where he served as
President and Chief Operating Officer. Bill was responsible for
AutoNation's 26,000 associates and the operational performance of
the company's 300+ new vehicle franchises, including new and used
vehicle sales. He has over 30 years' experience in automotive
retail.
The Board would like to thank Chris Chambers for his counsel and
significant contribution to the Company over the past six years. We
wish him well in his future endeavours.
Outgoing Non-Executive Chairman Chris Chambers commented:
"It has been a privilege to work with my colleagues and
stakeholders at Pendragon over a number of years, and I am firmly
of the view that the company now needs an Executive Chairman who
can dedicate the time and industry expertise that the company
requires in these difficult markets."
Incoming Executive Chairman Bill Berman commented:
"Having joined the business in April, I am looking forward
immensely to continuing to work with the Board and colleagues in my
new role as Executive Chairman and remain confident that we can
take the business forward in the execution and delivery of our
long-term strategy".
Enquiries
Howard Lee Headland 0203 805 4822
Henry Wallers Headland 0203 805 4822
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END
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