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Pendragon PLC - Nottingham, England-based automotive retailer - Says Martin Casha will resign from his chief operating officer role after 42 years of being with the firm to become the chief executive officer of Marshall Motor Group Ltd. Marshall Motor is a car dealing company. Says he will continue as COO until November 7.
Chief Executive Officer Bill Berman says: "On behalf of the Board and all our associates, I would like to thank Martin for his contribution to Pendragon. He has been instrumental to the growth of the business and more recently, he has played an important role in implementing our strategy to transform automotive retail through digital innovation and operational excellence. We wish him all the best for his future endeavours."
Current stock price: 17.77 pence each
12-month change: down 18%
By Xindi Wei, Alliance News reporter
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