(Sharecast News) - Car dealership Inchcape said on Monday that chief financial officer Gijsbert de Zoeten has voluntarily tendered his resignation and will be standing down with immediate effect.
"This follows an incident at a recent event where, through a lapse in judgement, he displayed personal behaviour falling short of the high standards expected of the leadership of the group," it said.
Inchcape said his departure is unrelated to the company's financial performance or strategic direction, including the Derco acquisition.
Group financial controller Adrian Lewis has been appointed acting CFO and a process to identify a permanent successor is being initiated.
Inchcape (INCH)