Motorpoint Regulatory News (MOTR)

25 November 2021

Motorpoint Group PLC

("Motorpoint" or the "Company")

Appointment of Non-Executive Chair

Motorpoint Group PLC, the UK's leading independent omnichannel vehicle retailer, is pleased to announce the appointment of John Walden as an Independent Non-Executive Chairman, with effect from 10 January 2022. John will also become chair of the Nomination Committee of the Board of Directors.

John is currently Chairman of Snowfox Topco Ltd, the ultimate parent company of the Yo! group and the Snowfox group and has had prior roles including Chairman of Naked Wines plc, Chairman of the parent company of Holland & Barrett International Ltd., Chief Executive of Argos and its parent company Home Retail Group plc, and several senior roles with Best Buy Co. including Executive VP and President of the Internet Division. John has been a driving force in omnichannel and consumer driven retailing, as well as leading digital and transformational change, both in the UK and US. John will be a great addition to the team as the Group continues its transition to a digitally led business.

After 11 years with the Group, Mark Morris has decided to retire as Non-Executive Chairman, and will step down when John is appointed. Mark has played an extremely instrumental role in helping the business grow to become the UK's leading independent omnichannel vehicle retailer, not least successfully guiding Motorpoint through its IPO in 2016.

Mark Carpenter, Chief Executive of Motorpoint, said:

"On behalf of the Board, I am delighted to welcome John to Motorpoint as Non-Executive Chairman. I must extend my personal thanks to Mark Morris, who I have worked closely with for a number of years. Whilst I will greatly miss his input, as will my colleagues, I look forward to welcoming John and his digital experience to the business."

This notification is made pursuant to Listing Rule 9.6.11R.

Enquiries: 

Save as detailed below, there are no matters to be disclosed in respect of thisappointment under paragraph 9.6.13 (1) to (6) of the Listing Rules.

John has held the following directorships in other publicly quoted companies in the previous five years. He does not currently hold directorships with any other publicly quoted companies.

· Naked Wines plc

· Home Retail Group plc

· FTD Companies, Inc.

John was a director of FTD Companies, Inc. which made a bankruptcy filing under Chapter 11 in June 2019. John departed from the board of FTD Companies, Inc. in July 2018.

Notes to editors

Motorpoint is the UK's leading independent E-commerce led omnichannel vehicle retailer, focused on giving retail and trade customers the easiest, most affordable and seamless way of buying, selling and financing their car whether online, in-store or a combination of both. Through its leading B2C platform Motorpoint.co.uk and UK network of 15 sales and collection branches, the Group provides an unrivalled offering in the nearly new car market, where consumers can effortlessly browse, buy or finance their next car and collect or have it delivered directly to their homes. Motorpoint's purely online wholesale platform Auction4Cars.com sells vehicles into the wholesale B2B market that have been part exchanged by retail customers, or purchased directly from them by the Group as part of its online car buying service. Motorpoint's diversified business model, underpinned by its established brand, industry leading technology and sophisticated marketing infrastructure, always delivers the best value, choice, quality and service for customers. The Group is proud to have been recognised for seven consecutive years as one of the Sunday Times' Top 100 Best Companies to Work For.