New Group Finance Director
Inchcape PLC
07 December 2005
7 December 2005
Inchcape appoints new Group Finance Director
Inchcape plc, the international automotive services group, is pleased to
announce the appointment of Barbara Richmond as Group Finance Director. Barbara
will take up her post and join the Board of Inchcape plc as an Executive
Director in April 2006.
Barbara joins the Company from Croda International Plc, a global speciality
chemicals business, where she has held the position of Group Finance Director,
since 1997. In 2002, in addition to her Group Finance Director role, Barbara was
appointed President of Active Ingredients and Industrial Chemicals and was
responsible for managing seven business units within Croda International Plc,
successfully increasing sales and driving growth during her tenure.
Previously Barbara worked for Whessoe plc, from 1992 to 1997, where she was
appointed Group Finance Director in 1994. Her responsibilities included strategy
development, and acquisitions and disposals. Barbara began her career at Arthur
Andersen & Co., later joining the finance function at GEC Alsthom Limited.
Peter Johnson, Group Chief Executive, commented:
'We are delighted to recruit someone of Barbara's calibre to Inchcape. With
extensive experience managing the finance departments of UK listed companies and
a strong international pedigree, Barbara has an excellent track record.
'Her financial skills and experience of managing complex global businesses augur
well for the continued development of the Group.'
Andre Lacroix, Group Chief Executive Designate, said:
'Barbara has a proven record in leveraging company assets to drive further
growth in shareholder value, as well as considerable experience in the
international arena.
'I am greatly looking forward to working with her, and the rest of the Inchcape
senior management team, in taking the Company through the next stage of its
growth.'
Commenting on her appointment, Barbara Richmond said:
'I am delighted to be joining Inchcape. The company has a strong track record
and many exciting opportunities for the future. I am looking forward to working
with Andre, the Board and all the employees at Inchcape.'
Barbara, 45, is a Fellow of the Institute of Chartered Accountants in England
and Wales. She is the Senior Independent Director and Audit Committee Chair at
Carclo plc and Non-Executive Director and Audit Committee Chair of Scarborough
Building Society.
Notes to editors
As Group Finance Director, Barbara Richmond will receive a basic annual salary
of £385,000. Her other contractual terms are in line with those of the other
Executive Directors.
For further information, please contact:
Group Communications, Inchcape plc
020 7546 0022
Hogarth Partnership Limited (John Olsen/Barnaby Fry)
020 7357 9477
Inchcape, an international automotive services group, provides quality
representation for its manufacturer partners, a choice of channels to market and
products for its retail customers and a range of business services for its
corporate customers. Operations are focused on Australia, Belgium, Greece, Hong
Kong, Singapore and the UK. Inchcape's activities include exclusive Import,
Distribution and Retail, Business Services, automotive E-commerce and Financial
Services. Our key manufacturer partners are Toyota/Lexus, Subaru, BMW, the
Premier Automotive Group of Ford, Mazda, Mercedes-Benz and Volkswagen.
For further information, visit us at www.inchcape.com
This information is provided by RNS
The company news service from the London Stock Exchange