Marshall Motor Holdings PLC Directorate Change (6279H)
March 14 2018 - 2:02AM
UK Regulatory
TIDMMMH
RNS Number : 6279H
Marshall Motor Holdings PLC
14 March 2018
14 March 2018
MARSHALL MOTOR HOLDINGS PLC
Directorate change
Peter Johnson, Chairman of Marshall Motor Holdings plc ("MMH")
has notified the Board that he will retire from MMH during this
summer. Peter has been Chairman of MMH through and since its IPO in
April 2015. In that time MMH has been transformed through the
acquisition of Ridgeway and the disposal of Marshall Leasing and
both revenue and profit before tax have grown by 84%.
The Board of MMH has begun a process to identify and appoint his
successor.
Peter Johnson, Chairman, said
"I have greatly enjoyed being part of a team that has built a
business so well positioned for the years ahead. As l approach my
50th year in the Automotive Industry l feel the time is right to
pass on the baton. I am confident this Board and talented Executive
Team will take the business on to even greater successes."
Daksh Gupta, Chief Executive, said
"On behalf of the Board and everyone at MMH, I would like to
thank Peter for his significant contribution to the Group. I would
also like to personally thank him for his invaluable support and
counsel over the many years we have worked together. We wish him
all the very best for the future."
Alan Ferguson, Senior Independent Director, said
"Peter has been an exemplary Chairman and has provided great
leadership to the Board and the Company. His wisdom, integrity and
deep knowledge of the motor trade will be greatly missed. He will
leave with all our best wishes."
ENDS
For further information and enquiries please contact:
Marshall Motor Holdings plc c/o Hudson Sandler
Daksh Gupta, Chief Executive Tel: +44 (0) 20
Officer 7796 4133
Mark Raban, Chief Financial
Officer
Investec Bank plc (Financial Tel: +44 (0) 20
Adviser, NOMAD & Broker) 7597 5970
Christopher Baird
David Flin
David Anderson
Hudson Sandler Tel: +44 (0) 20
7796 4133
Nick Lyon
Bertie Berger
Notes to Editors
About Marshall Motor Holdings plc (www.mmhplc.com)
The Group's principal activities are the sale and repair of new
and used vehicles through Marshall Motor Group. The Group's
businesses have a total of 101 franchises covering 23 brands,
operating from 84 locations across 26 counties in England. In
addition, the Group operates five trade parts specialists, three
used car centres, five standalone body shops and one pre delivery
inspection centre.
In May 2017 the Group was recognised by the Great Place to Work
Institute, being ranked the 22nd best place to work in the UK
(large company category). This was the eighth year in succession
that the Group has achieved Great Place to Work status.
Cautionary statement
This announcement contains unaudited information based on
management accounts and forward-looking statements that are based
on current expectations or beliefs, as well as assumptions about
future events. These forward-looking statements can be identified
by the fact that they do not relate only to historical or current
facts and undue reliance should not be placed on any such
statements because they speak only as at the date of this document
and are subject to known and unknown risks and uncertainties and
can be affected by other factors that could cause actual results,
and the Group's plans and objectives, to differ materially from
those expressed or implied in the forward-looking statements. MMH
undertakes no obligation to revise or update any forward-looking
statement contained within this announcement, regardless of whether
those statements are affected as a result of new information,
future events or otherwise, save as required by law and
regulations.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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