Inchcape PLC Directorate Change (6332C)
January 23 2018 - 2:30AM
UK Regulatory
TIDMINCH
RNS Number : 6332C
Inchcape PLC
23 January 2018
23 January 2018
Inchcape plc
Appointment of new Chairman
Inchcape plc ("Inchcape" or the "Group"), the leading
independent multi-brand automotive distributor and retailer with
global scale, announces that its Chairman, Ken Hanna, will retire
at the next AGM on 24 May 2018. Ken has been Chairman for nine
years and has been a member of the Board since 2001.
Nigel Stein will succeed Ken as Chairman. Nigel has been a
Non-Executive Director of Inchcape plc since October 2015. He is
currently also Industry Chair of the UK's Automotive Council.
Nigel Northridge, Inchcape's Senior Independent Director
said:
"On behalf of the Board, I would like to thank Ken for his long
service and great contribution to Inchcape. His leadership steered
the Group through the global financial crisis and he has played a
critical role in the development of the Group's strategy over the
last decade.
"We are delighted to confirm the appointment of Nigel Stein as
Chairman with effect from the AGM in May 2018. Nigel has held a
range of general management and finance roles and has significant
experience of the global automotive industry."
Ken Hanna, Chairman, commented:
"It has been a privilege to have been the Chairman of Inchcape
plc over the past nine years. It is a company that has a proven
track record of delivering success and I am confident that the
right leadership is in place to continue to grow and strengthen the
business. I wish everyone at Inchcape all the very best for the
future."
Commenting on his appointment, Nigel Stein said:
"I am very pleased to be asked to become the Chairman and my
time as a Non-Executive Director has given me the opportunity to
develop a good understanding of the Group, its strategy and future
market trends. I look forward to working with Ken, Stefan and the
Board over the coming months to ensure a smooth and comprehensive
handover."
In relation to the above changes to the Board, no further
information is required to be disclosed pursuant to LR 9.6.11R.
Enquiries:
Inchcape plc
+44 (0) 20 7546
Group Communications 0022
+44 (0) 20 7546
Investor Relations 8225
+44 (0) 20 7457
2020
+44 (0) 7771 860
Instinctif Partners 938
Mark Garraway +44 (0) 7825 609
Helen Tarbet 737
James Gray +44 (0) 7583 936
inchcapeccm@instinctif.com 031
Notes to Editors:
Nigel Stein Biography
Nigel joined GKN in 1994 and held a range of commercial, general
management and finance roles, including Group Finance Director and
Chief Executive Automotive, before becoming Chief Executive in
January 2012. Prior to GKN, he gained experience in the commercial
vehicle and manufacturing sector and held senior financial
positions with Laird Group plc and other UK companies. Nigel is a
member of the Institute of Chartered Accountants of Scotland. He
announced his retirement from GKN in September 2017.
This information is provided by RNS
The company news service from the London Stock Exchange
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