Directorate Change

RNS Number : 9413T

Inchcape PLC

06 October 2010

 



6 October

INCHCAPE PLC

Directorate Change

Inchcape plc ('Inchcape' or 'the Group'), the world's leading automotive distributor and retailer, is pleased to announce the appointment of Simon Borrows to the Board as a Non-Executive Director and Chairman of the Audit Committee, from 6 October 2010.

Simon has spent the last 12 years with Greenhill & Co.  He was a founding partner of Greenhill's European business in 1998 becoming Greenhill & Co's Co-Managing Partner in 2000.  Simon became Co-President of Greenhill & Co. Inc on the company's flotation on the NYSE in 2004 and Co-Chief Executive in 2007.  He stepped down as Co-Chief Executive in April this year becoming Chairman of Greenhill & Co. International LLP.

Simon has worked for 28 years in the banking and finance industry and prior to Greenhill he was the Managing Director of Baring Brothers International Limited.

Simon has a law degree from London University and an MBA from London Business School.

Ken Hanna, Non-Executive Chairman, Inchcape plc said: "We are delighted that Simon has agreed to join the Board as a Non-Executive Director.  Simon has considerable experience as an adviser to leading companies in the UK and internationally as well as being part of the management team of Greenhill & Co.  I am sure his financial and management experience will be of great benefit to us and I welcome Simon to the team."

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

Ends

Group Communications, Inchcape plc

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Investor Relations, Inchcape plc

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Financial Dynamics (Jonathon Brill/Billy Clegg)

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Notes to editors

About Inchcape:

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

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

Inchcape, which has been listed on the London Stock Exchange since 1958, is headquartered in London, employs around 15,000 people and has scale operations in the UK, Singapore, Australia, Hong Kong, Greece, Belgium and Russia.

 

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