13 September 2024
Motorpoint Group PLC
("Motorpoint", the "Group" or the "Company")
Appointment of Non-executive Director
Motorpoint Group PLC, the UK's
leading independent omnichannel used vehicle retailer, is pleased
to announce the appointment of Swarupa Pathakji as an Independent
Non-executive Director, with effect from 1 October 2024. Swarupa
has been appointed as a member of the Audit, Nomination,
Remuneration and ESG Committees.
Swarupa is a Director of Albion KAY
VCT plc, where she is Chair of the Nomination and Remuneration
Committees and a member of the Audit and Risk Committee. She is
also a Non-executive Director of value retailer OFS (DS) Holdings
Ltd where she is Chair of the Audit Committee. Swarupa has
extensive experience across multiple sectors, having worked at
Merrill Lynch and Duke Street, a mid-market Private Equity firm,
and was also a Non-executive Director at ScS Group plc prior to the
business being sold to Cerezzola Limited in
January 2024.
John Walden, Chairman of Motorpoint
Group PLC commented:
"We are delighted to welcome Swarupa
to the Motorpoint Board. Swarupa brings a wealth of experience
across financial and customer facing businesses, capital markets
and strong strategic acumen, which will be invaluable to the
business."
No further information is required
to be disclosed pursuant to UKLR 6.4.8R.
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Motorpoint Group PLC
Mark Carpenter, Chief Executive
Officer
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via FTI Consulting
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Chris Morgan, Chief Financial
Officer
FTI
Consulting (Financial PR)
Alex Beagley
Harriet Jackson
Amy Goldup
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020 3727 1000
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Notes to editors
Motorpoint is the UK's leading
independent 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 20 stores, 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 choice, value,
service and quality for customers.