Directorate Change

RNS Number : 2541L

Inchcape PLC

28 July 2011

 



INCHCAPE PLC

Directorate changes

Inchcape plc ('Inchcape' or the 'Group'), a leading car retailer and distributor, today announces that Till Vestring will join the Board as a Non-executive Director with effect from 1 September 2011.

Ken Hanna said:

"We are delighted that Till has agreed to join the Board as a Non-Executive Director.  His international and automotive sector experience will be of great benefit to us and I welcome Till to the team."

Till Vestring is Managing Partner of Bain & Company SE Asia.  He has a 20 year career at Bain & Company of which the last 18 were spent in Asia with postings in Sydney, Hong Kong, Tokyo and Singapore.  He has served as Bain's head of Bain's Automotive & Industrial Practice in Asia as well as on Bain's global Partner Nomination & Compensation Committee.   He has extensive experience advising multinationals on growth strategy across Asia as well as advising leading Asian companies on strategy, M&A and organisation. 

There is no additional information required to be disclosed pursuant to Listing Rule 9.6.13R relating to the appointment to the Board of Till Vestring.

It is also confirmed that Nigel Northridge and David Scotland will step down as members of the Audit Committee.   Nigel Northridge remains chair of the Remuneration Committee and David Scotland remains chair of the Corporate Responsibility Committee and a member of the Nominations and Remuneration Committees.

ENDS

Group Communications, Inchcape plc

[phone]

Investor Relations, Inchcape plc

[phone]

Financial Dynamics (Jonathon Brill/Billy Clegg)

[phone]

Notes to editors

About Inchcape:

1. Inchcape is a leading, independent international automotive distributor and retailer operating in 26 Emerging and Developed markets. Inchcape has diversified multi-channel revenue streams including sale of new and used vehicles, parts, service, finance and insurance.

Inchcape's vision is to be the world's most customer-centric automotive retail group and represents some of the world's leading automotive brands, including Audi, BMW / Mini, Jaguar, Land Rover, Mercedes-Benz, Porsche, Subaru, Toyota / Lexus, Volkswagen and Volvo.

Inchcape, which has been listed on the London Stock Exchange since 1958, is headquartered in London and employs around 14,300 people.

www.inchcape.com

 

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