Board Change

RNS Number : 0102V

Lookers PLC

04 January 2012

 



4 January 2012

Lookers plc

Board Change

Lookers plc "Lookers" or "the company" announces today that Terry Wainwright has stepped down from his position as a director of the company. As referred to in the company's announcement on 1 July 2011, regarding the appointment of Neil Davis as a director, this change is part of a succession plan that has been under consideration for some time and Terry will continue with the business in his current role as chairman of the parts division.

Phil White, Chairman of Lookers, commented: "I would like to thank Terry for his excellent and substantial contribution since joining the group when FPS was acquired in October 2004 and his subsequent appointment to the board in October 2005. During this time he has developed the parts division into a market leader and a significant business which now represents over 30% of group pre tax profits. I am delighted that Terry will be continuing with Lookers in his current role and I, together with my colleagues on the board, would like to personally thank him for his exceptional contribution to the group during the past seven years".

For further information:

Lookers plc	Telephone: [phone]
Peter Jones, Chief Executive
Robin Gregson, Finance Director
Hudson Sandler	Telephone: [phone]
Nick Lyon / Kate Hough

 

END

 

 

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