Auto Trader Group plc Appointment of NED and Chair Designate (2525B)
01 Giugno 2023 - 8:05AM
UK Regulatory
TIDMAUTO
RNS Number : 2525B
Auto Trader Group plc
01 June 2023
Auto Trader Group plc
1 June 2023
Appointment of Non-Executive Director and Chair Designate
Auto Trader Group plc ("Auto Trader", the "Company"), the UK's
largest automotive marketplace, is pleased to announce that,
following a comprehensive search and selection process, Matt Davies
will be appointed to the Board as Non-Executive Director, Chair
Designate and as a member of the Nomination Committee. The
appointment is part of the Board's long-term succession planning
given Ed Williams will come to the end of his third three-year term
in 2024.
Matt will join the Board with effect from 1 July 2023 and will
succeed Ed Williams as Chair of the Board and Nomination Committee
at the conclusion of the Company's Annual General Meeting on 14
September 2023, subject to shareholder approval. Ed will not stand
for election at the 2023 AGM, stepping down as a Director from that
date.
Matt is an experienced Chair, board member and executive, having
held roles as CEO of Pets at Home, Halfords and Tesco UK&ROI.
Matt is currently Chair at Greggs plc where he was appointed in
August 2022, and was formerly the Chair of N Brown plc and a
Non-Executive Director of Dunelm Group plc. He is Chair of
privately owned businesses Hobbycraft and Travel Counsellors.
Ed Williams, Chair of Auto Trader, said: "It has been a
privilege to serve as the Auto Trader Chair throughout our eight
years as a public company and I look forward to watching the
Company's continued progress."
Nathan Coe, CEO of Auto Trader, said: "I would like to thank Ed
for his huge contribution to Auto Trader's strategy, business and
culture over many years. I look forward to working with Matt who
brings a wealth of UK retail, digital and brand experience and is a
great fit with both the Board and organisation."
Matt Davies said: "Auto Trader is a great company and I am
delighted to be taking on this role in a business with such a
strong sense of purpose. I am excited to work with the Board,
Nathan and the wider team to deliver on this over the coming
years."
There is no further information which is required to be
disclosed in accordance with 9.6.13R of the Listing Rules.
Enquiries:
Powerscourt
autotrader@powerscourt-group.com +44 (0) 20 7250 1446
About Auto Trader
Auto Trader Group plc is the UK's largest automotive
marketplace. It listed on the London Stock Exchange in March 2015
and is a member of the FTSE 100 Index.
Auto Trader's purpose is Driving Change Together. Responsibly.
Auto Trader is committed to creating a diverse and inclusive
culture, it aims to build stronger partnerships with its customers
and use its voice and influence to drive more environmentally
friendly vehicle choices.
With the largest number of car buyers and the largest choice of
trusted stock, Auto Trader's marketplace sits at the heart of the
UK car buying process. That marketplace is built on an
industry-leading technology and data platform, which is
increasingly used across the automotive industry. Auto Trader is
continuing to bring more of the car buying journey online, creating
an improved buying experience, whilst enabling all its retailer
partners to sell vehicles online.
Auto Trader publishes a monthly used car Retail Price Index
which is based on pricing analysis of circa 800,000 unique
vehicles. This data is used by the Bank of England to feed the
broader UK economic indicators.
For more information, please visit:
https://plc.autotrader.co.uk/
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END
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June 01, 2023 02:05 ET (06:05 GMT)
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