Caffyns Regulatory News (CFYN)

8 Aug 2008 12:28



Caffyns plc

8 August 2008

Board Changes

Caffyns plc, the leading motor distributor covering 15 car franchises in the south-east of England, today announces a number of Board changes.

Brian Carte has taken the decision to retire on health grounds from the Board with immediate effect. Brian Carte served for twelve years as a non-executive director on the Board including the last five years as Chairman. 

The Board is pleased to announce that, with immediate effect, Brian Birkenhead is appointed Chairman of the Company and Chairman of the Nominations Committee succeeding Brian Carte in both roles. As a result of the above changes, Brian Birkenhead is stepping down as Chairman of the Audit Committee to be replaced by Andrew Goodburn who will additionally assume the role of Senior Independent Director. Nicholas Hollingworth is appointed Chairman of the Remuneration Committee.

Simon Caffyn, Chief Executive, said:

"On behalf of the Board, I would like to thank Brian Carte for his very considerable contribution to the Group over more than twelve years. His expertise and wise counsel have been very much appreciated."

Enquiries:

Caffyns plc Tel 01323 730201

Simon Caffyn  Chief Executive

Mark Harrison Finance Director

HeadLand Consultancy Tel 020 7362 5222

Howard Lee

Tom Gough