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3 Months : From Jun 2019 to Sep 2019
RNS Number : 6824E
05 July 2019
Lookers plc, ("Lookers" or "the Group"), one of the leading UK motor retail and aftersales service groups, announces that, as part of its succession planning, Robin Gregson, Chief Financial Officer, will step down after 10 years in the role.
During his time at Lookers, Robin has played an important role in the development of the Group throughout a period of significant change both within the business and the industry. He has also made a substantial contribution to the Group's operational and strategic performance.
Lookers is pleased to announce that Mark Raban will be appointed as CFO and will join the Board on 15 July 2019. Mark has nearly 30 years of multi-channel retail experience and was most recently CFO at Marshall Motor Holdings PLC for four years, playing a significant role in the company's IPO and subsequent growth. His previous experience includes being Finance Director of Inchcape Retail Limited and he has also held senior finance roles with the Borders Group, Selfridges Retail Limited, Safeway and Burton.
Robin has stepped down from the Board with immediate effect but will remain as CFO until 15 July 2019 and will stay with the Group until 30 September 2019 to ensure an effective transition.
Phil White, Chairman, commented:
"Robin has played an important role in the transformation of the Lookers business during his time as CFO. I would like to thank him for his significant contribution to the Group over the last 10 years and wish him well in the future.
"We are very pleased to welcome Mark to the Board. We will benefit from his extensive retail experience, both in the motor industry and more widely."
Robin Gregson commented:
"I am proud of the significant milestones achieved during my ten years with Lookers. The business is in good shape and I have enjoyed being part of a strong team. I wish the business all the best for the future."
Mark Raban commented:
"I'm really excited to be joining Lookers, a business which I have admired for some time and which has a strong market position in the sector. I am very much looking forward to working with the team to continue to develop the business and take advantage of the many opportunities available."
Save as disclosed herein, there are no further details required to be disclosed pursuant to Listing Rule 9.6.13 in connection with Mark's appointment.
Lookers Tel: 0161 291 0043
Andy Bruce, Chief Executive
MHP Communications Tel: 0203 128 8742
Tim Rowntree Email: Lookers@mhpc.com
Alistair de Kare-Silver
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(END) Dow Jones Newswires
July 05, 2019 09:18 ET (13:18 GMT)