8 Oct 2015 09:36

INCHCAPE PLC
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Directorate change
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Inchcape plc announces that Vicky Bindra has resigned as a Non-Executive Director with immediate effect. Vicky joined the Board on 1 July 2011 however he has decided to step down following his appointment to a new executive role and relocation to San Francisco.
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Inchcape plc also announces that Nigel Stein will be appointed as a Non-Executive Director with immediate effect and will join the Audit Committee upon appointment. Nigel is currently Chief Executive of GKN plc, a FTSE100 global engineering group whose operations include GKN Driveline, a leading manufacturer of automotive driveline components. Nigel was a Non-Executive Director at Wolseley plc from 2003 to 2011. He is a qualified chartered accountant.
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Ken Hanna said:
"We are delighted that Nigel has agreed to join the Group as a Non-Executive Director. His global automotive experience will be of great benefit to us and I welcome Nigel to the Board. I would also like to thank Vicky for his support to Inchcape over the last 4 years and I wish him all the best for his new role"
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There is no additional information required to be disclosed pursuant to Listing Rule 9.6.13 relating to the appointment to the Board of Nigel Stein.
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Ends
Group Communications, Inchcape plc+44 (0) 20 7546 0022
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Investor Relations, Inchcape plc+44 (0) 20 7546 8359
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Notes to editors
About Inchcape:
Inchcape is a leading global premium automotive group, operating in 26 markets with a portfolio of the world's leading car brands in the fast-growing luxury and premium segments. Inchcape has diversified multi-channel revenue streams including sale of new and used vehicles, parts, service, finance and insurance.
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The Company has been listed on the London Stock Exchange since 1958, is headquartered in London and employs around 14,400 people.
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www.inchcape.com
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