TIDMCAMB
RNS Number : 1712W
Cambria Automobiles Plc
07 February 2017
07 February 2017
Cambria Automobiles plc
("Cambria" or the "Group")
AIM: CAMB
Board Appointments
Cambria, the franchised motor retailer, is pleased to announce
the appointments of Paul McGill and William Charnley to the Board
as Non-Executive Directors with immediate effect.
Paul has a detailed and extensive level of knowledge of the
motor retail industry, acquired from over 30 years in the business.
He was most recently Head of Projects at Lloyds Banking Group,
where he was responsible for promoting the Black Horse Consumer
Finance brand across the Group, leading new business initiatives
and recruiting key individuals to the business. He also served as
Head of Motor Finance (South) at Black Horse, a position he held
from 2009 until April 2016. Prior to these roles, Paul was Head of
Distribution at Bank of Scotland Dealer Finance for 18 years where
he was responsible for an external sales force of approximately 150
home based sales and sales managers.
William is currently a Partner at King & Spalding
International in the Corporate practice, a position he has held for
over four years. William has over 20 years' experience in public
and private mergers and acquisitions, disposals, flotations,
private equity transactions and general corporate and securities
advice. William has a high level of knowledge of both the motor
retail sector and Cambria as he advised Cambria on the Group's IPO
on AIM in 2010. He also served as a Non-Executive Director at CD
Bramall plc for four years prior to it being acquired in 2004,
before joining the Board of Lookers plc as an alternate
Non-Executive Director from 2006 to 2008. William is a Fellow of
the Institute of Chartered Secretaries and Administrators and of
Hughes Hall, University of Cambridge.
Philip Swatman, Chairman of Cambria Automobiles plc,
commented:
"I am delighted to welcome Paul and William to Cambria. Both
bring to the Group a vast amount of experience, knowledge and
expertise of the motor retail industry which will complement the
extremely strong management team we already have in place. I am
sure they will prove to be a valuable asset as the Board focuses on
enhancing the core operations of the Group's existing businesses
whilst delivering the integration and optimisation of the more
recently acquired businesses."
-Ends-
Enquiries:
Cambria Automobiles Tel: 01707 280
Mark Lavery, Chief Executive 851
James Mullins, Finance
Director
www.cambriaautomobilesplc.com
N+1 Singer - NOMAD & Joint Tel: 020 7496 3000
Broker
Alex Price / Sandy Ritchie
Zeus Capital - Joint Broker Tel: 020 7533 7727
Dominic King
FTI Consulting Tel: 020 3727 1000
Jonathon Brill / Alex
Beagley / James Styles
Regulatory disclosures
In accordance with Schedule 2(g) of the AIM Rules, William
Francis Charnley, age 56 years, holds or has held during the past
five years the following directorships and partnerships:
Current directorships Past directorships
King and Spalding International Mayer Brown International
LLP LLP
KKS Strategy LLP
The Invicta Film Partneship
No.43 LLP
Bank and clients Plc
The Muscovy Company Limited
Zeus films LLP
Throgmorton Assets Plc
Gemini emissions Reduction
LLP
Save for the disclosures above, there are no further disclosures
to be made in accordance with Rule 17 and Schedule 2(g) of the AIM
Rules in respect of William Charnley.
In accordance with Schedule 2(g) of the AIM Rules, Paul Gerard
Christopher McGill, age 60 years, holds or has held during the past
five years the following directorships and partnerships:
Current directorships Past directorships
PMcGill Services Ltd Capital Bank Leasing 1
Limited
Capital Bank Leasing 2
Limited
Capital Bank Leasing 4
Limited
Capital Bank Leasing 5
Limited
Inchcape Financial Services
Limited
Save for the disclosures above, there are no further disclosures
to be made in accordance with Rule 17 and Schedule 2(g) of the AIM
Rules in respect of Paul McGill.
About Cambria - www.cambriaautomobilesplc.com
Cambria Automobiles ("Cambria") was established in March 2006
with the aim of creating a balanced independent UK motor retail
group through a self-funded "buy and build" strategy, focused on
turnaround opportunities.
Working in close cooperation with its manufacturer partners, the
Group has built a balanced portfolio of 31 luxury, premium and
volume dealerships, representing 45 franchises and 16 brands, with
geographical representation spanning from the North West to the
South East in Kent. These businesses are autonomous and trade under
local brand names, including Dees, Doves, Grange, Invicta,
Motorparks and Pure Triumph.
Cambria's brand portfolio currently comprises Abarth, Alfa
Romeo, Aston Martin, Dacia, Ford, Fiat, Honda, Jaguar, Jeep, Land
Rover, Mazda, Nissan, Renault, Triumph, Vauxhall and Volvo.
The management's success in turning around under-performing
dealerships has allowed Cambria to build a strong balance sheet. As
a result, the Group is in a position to acquire valuable premium
operations, like the recently acquired Jaguar Land Rover dealership
in Woodford, Land Rover dealership in Welwyn Garden City, Jaguar
Land Rover business in Barnet and Land Rover business in Swindon,
which are immediately earnings enhancing and directly in line with
the Group's strategy to further enhance the brand portfolio.
The Group's medium term ambition is to create a GBP1 billion
turnover business producing attractive returns on capital.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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