Board changes, Proposed appointment of new Auditor

RNS Number : 0417I

Lookers PLC

09 December 2020

 

9 December 2020

Board changes and Proposed appointment of new Auditor

Lookers plc ("Lookers") or the "Company")

Board changes

Lookers, one of the leading UK motor retail and aftersales service groups, is pleased to announce the appointment of Robin Churchouse as an independent non-executive director. Robin joined the Board on 8 December 2020 as a member of the Audit and Risk, Remuneration and Nomination Committees, as well as becoming a Director of Lookers Motor Group Limited.

As previously announced, Stuart Counsell agreed to remain on the Board until the completion of the 2019 Annual Report and Accounts and the appointment of his successor as Chair of the Audit and Risk Committee. Robin will become Chair of the Audit and Risk Committee on 1 January 2021 and Stuart will leave Lookers on that date

Robin has over 30 years' financial services experience in leading finance, risk, operational and strategic planning teams in a wide range of regulated financial services organisations. Most recently, he was CFO of Yorkshire Building Society, having held variety of senior executive roles there after working as finance and commercial director for a number of mortgage servicing companies.

Robin's other non-executive director roles are as Chair of the Audit Committee at Belmont Green Finance, a non-standard residential mortgage lender and Chairman of the Risk Committee at B-North, a challenger B2B bank.

Robin graduated in law at Cambridge and qualified as a chartered accountant with Price Waterhouse, before working as a financial services regulator and then as a strategy consultant with KPMG.

There is no information in respect of Robin Churchouse requiring disclosure under Listing Rules 9.6.13(2) to 9.6.13(6) inclusive and he does not currently own any shares in the Company.

Following the publication of the 2019 Annual Report and Accounts, Jim Perrie, has stepped down as interim CFO. The Board will now commence a search for a new CFO.

Appointment of new Auditor

The Company confirms that it proposes to appoint BDO LLP as its new auditor, subject to shareholder approval at the forthcoming General Meeting on 28 December 2020.

Phil White, Chairman commented:

"I am delighted to welcome Robin to the Board. Robin's experience, particularly as a CFO in a large regulated financial services business will be invaluable to Lookers as we continue to develop the business and its future strategy."

For further information:
Phil White, Executive Chairman	Via MHP Communications
MHP Communications
Tim Rowntree, Charles Hirst, Alistair de Kare-Silver	Tel: [phone] Email: [e-mail]

 

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