Directorate Change

RNS Number : 6567W

Lookers PLC

02 January 2014

 

2 January 2014

Lookers plc

Board Change

Lookers plc "Lookers" or "the company" announces today that Peter Jones has retired from his position as Chief Executive Officer of the company. As referred to in the company's announcement on 14 August 2013, this change is part of a succession plan where we are pleased to announce that Andy Bruce is now the Chief Executive Officer of the company.

Phil White, Chairman of Lookers, said: "Peter has been an outstanding Chief Executive of the group since his appointment on 1 October 2009. He has led the company during a period where the profitability and market capitalisation of the company have increased significantly with consecutive record results from 2009 to the present day. Peter is a top class leader with exceptional management qualities and I have really enjoyed working with him. I, together with all my colleagues on the board, would like to thank Peter personally for his major contribution to the success of Lookers and we wish him well for the future.

"I am particularly pleased that Peter has been succeeded by Andy who is a key member of our board and the development of the motor division under Andy's leadership has been tremendous. I have absolute and total confidence that the group's continuing development could not be in better hands and we wish Andy continued success in his new role."

For further information:

Lookers plc	Telephone: [phone]
Andy Bruce, Chief Executive
Robin Gregson, Finance Director
Tavistock Communications	Telephone:  [phone]
Catriona Valentine/Keeley Clarke

 

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