Pendragon Adds Former Car Maker Executive Mike Wright To Board

LONDON (Alliance News) - Pendragon PLC, an international car dealer, said it has appointed Mike Wright as an additional independent non-executive director, starting in May.

He will serve on the company's Nomination Committee and Audit Committee and will assume the chair of the company's Remuneration Committee.

Wright will be joining Pendragon, which owns Evans Halshaw and Stratstone in the UK and Hornburg in the US, after holding senior roles at car maker Jaguar Land Rover, Ford Motor Co and BMW AG.

As well as his executive career, Wright is involved in a number of UK government initiatives in education, sport and the arts, Pendragon noted.

Pendragon Chairman Chris Chambers commented: "I am delighted that Mike has agreed to join our board. Mike's extensive experience in automotive sector management will further strengthen our board as we continue to accelerate the transformation of our business and progress towards achieving our strategic objectives. Mike's sector expertise will bring further depth and specialist knowledge to our board".

Shares in Pendragon were trading at 24.00 pence Tuesday afternoon, up 3.2%.