Last checked at 8 Oct 2015 09:36
INCHCAPE PLC
Directorate change
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.
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.
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"
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.
Ends
Group Communications, Inchcape plc+44 (0) 20 7546 0022
Investor Relations, Inchcape plc+44 (0) 20 7546 8359
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.
The Company has been listed on the London Stock Exchange since 1958, is headquartered in London and employs around 14,400 people.
www.inchcape.com