Auto Trader Regulatory News (AUTO)

Auto Trader Group plc ("Auto Trader" or the "Company")

22 March 2024

Appointment of Independent Non-Executive Directors

Auto Trader, the UK's largest automotive marketplace, is pleased to announce the appointments of two Independent Non-Executive Directors to the Board. Geeta Gopalan and Amanda James will join the Board with effect from 1 May 2024 and 1 July 2024, respectively. Geeta and Amanda will also join the Audit, Remuneration, Corporate Responsibility and Nomination Committees.

With effect from the conclusion of the 2024 AGM on 19 September 2024, Geeta will be appointed as Senior Independent Director and Remuneration Committee Chair, and Amanda will be appointed as Audit Committee Chair, subject to shareholder approval. These appointments are part of the Board's long-term succession planning given David Keens and Jill Easterbrook will come to the end of their third three-year terms in 2024, and therefore will not stand for re-election at the 2024 AGM.

Geeta currently serves as a Non-Executive Director of Funding Circle plc, Intrum S.A., and as a Trustee of The Old Vic Theatre. She is also a Non-Executive Director of Virgin Money UK PLC, and will step down from this role on 30 June 2024 at the end of her term. She has been appointed as Non-Executive Director at NatWest Group plc effective 1July 2024. She previously served as a Non-Executive Director of Dechra Pharmaceuticals Ltd, Ultra Electronics Plc, Wizink Bank SA, and Vocalink. She has over 25 years of experience in financial services and retail banking, particularly payments and digital innovation.

Amanda is currently the Chief Financial Officer of NEXT Plc, one of the UK's largest FTSE 100 fashion, footwear, and home retailers. Amanda brings not only deep expertise in finance but also strong consumer, retail, and multi-channel experience. Amanda has already announced her intention to retire from NEXT at the end of September 2024, and will step down from the NEXT Board with effect from 26 July 2024. Amanda has also been appointed as a Non-Executive Director and Audit Committee member of British Land Company plc with effect from 1 July 2024.

Upon Geeta and Amanda's appointment, the Board will comprise seven Independent Non-Executive Directors, three Executive Directors and a Non-Executive Chair.

Following the AGM, the number of Independent Non-Executive Directors will reduce to five, and our Board will meet the targets set out in LR 9.8.6(9)(a), with 67% women on the Board; the role of Senior Independent Director being held by a woman; and two directors being from a minority ethnic background.

Commenting on the appointments, Matt Davies, Chair of Auto Trader, said:

"I am delighted to welcome both Geeta and Amanda to the Board. Between them they have a vast amount of valuable experience across the worlds of digital innovation, finance, consumer and retail, and we look forward very much to benefitting from their expertise. They are joining Auto Trader at an exciting time, as we continue to make great strides in our strategy to bring more of the car buying journey online."

"I would also like to thank David and Jill for the enormous contributions that they have made to Auto Trader in their time on the Board. We wish them all the very best for the future."

There are no further disclosures required in respect of this appointment under paragraph 9.6.13 of the Listing Rules of the Financial Conduct Authority.

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About Auto Trader

Auto Trader Group plc is the UK's largest automotive marketplace. It listed on the London Stock Exchange in March 2015 and is a member of the FTSE 100 Index.

Auto Trader's purpose is Driving Change Together. Responsibly. Auto Trader is committed to creating a diverse and inclusive culture, to build stronger partnerships with customers and use its voice and influence to drive more environmentally friendly vehicle choices.

With the largest number of car buyers and the largest choice of trusted stock, Auto Trader's marketplace sits at the heart of the UK car buying process. That marketplace is built on an industry-leading technology and data platform, which is increasingly used across the automotive industry. Auto Trader is continuing to bring more of the car buying journey online, creating an improved buying experience, whilst enabling all its retailer partners to sell vehicles online.

Auto Trader publishes a monthly used car Retail Price Index which is based on pricing analysis of circa 800,000 unique vehicles. This data is used by the Bank of England to feed the broader UK economic indicators.

 For more information, please visit: https://plc.autotrader.co.uk/