(Sharecast News) - Car dealership Pendragon said on Friday that chief operating officer Martin Casha - who has been in the job since 2001 - will be standing down to become chief executive of Marshall Motor Group.
Pendragon said that in order to simplify its organisational structure, Casha's role will not be replaced and his reporting lines will be re-distributed across the senior leadership team.
Casha will stay on as COO and as a director until 7 November to ensure a smooth and orderly transition.
Chief executive Bill Berman said: "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."
