9 Jan 2007 07:01
Vertu Motors PLC09 January 2007 9 January 2007 Vertu Motors plc ("Vertu Motors" or "Vertu" or the "Company") Directorate Change Vertu Motors plc, the AIM listed company seeking to acquire and consolidate UKmotor retail businesses, is pleased to announce the appointment of KarenAnderson, 35, as Finance Director with immediate effect. Karen qualified as a Chartered Accountant with Arthur Andersen, where she spent9 years, rising to senior manager. Karen joined Reg Vardy in 2002, rising toGroup Financial Controller. Karen was responsible for financial managementissues and acquisition due diligence, as the group expanded from 68 dealershipsto over 100 dealerships. Robert Forrester, CEO of Vertu Motors said: "I am delighted Karen has joined the Board and strengthened the Vertu Motorsteam. Her experience in the acquisition process and in designing andimplementing financial control systems will be invaluable to us as we grow thecompany through acquisition and organically. Financial discipline and controlwill be an important driver of organic growth." In relation to the appointment of Karen Anderson, the following disclosures arebeing made pursuant to Paragraph G of Schedule 2 of the AIM Rules. Full name and age: Karen Anderson (nee Atkinson), 35 years old. Current directorships: None. Directorships in the last 5 years: None. Karen Anderson has confirmed that there are no additional disclosures requiredto be made pursuant to Paragraph G of Schedule 2 to Part One of the AIM Rules. As at the date of her appointment, Karen Anderson was interested in 500,000ordinary shares of 10p each in Vertu Motors. For further information, call: Vertu MotorsRobert Forrester, CEO 0191206 4619 Financial DynamicsBilly Clegg/Edward Westropp 020 7831 3113 This information is provided by RNS The company news service from the London Stock Exchange