Marshall Motor Holdings PLC Directorate Change (3452T)
July 03 2018 - 2:01AM
UK Regulatory
TIDMMMH
RNS Number : 3452T
Marshall Motor Holdings PLC
03 July 2018
3 July 2018
MARSHALL MOTOR HOLDINGS PLC
("MMH" or the "Group")
Directorate Change
Marshall Motor Holdings Plc announces that Mark Raban, Chief
Financial Officer, has today notified the Board of his intention to
step down from his position.
Mark joined MMH in 2014 and has played an integral role in both
the Group's successful IPO and its subsequent strong period of
growth during which revenue and profit before tax have doubled.
The Board has commenced a process to find a successor. Mark will
remain with the Company until an appointment is made and help
ensure a smooth transition. Further information on the terms and
timing of his departure will be provided in due course.
Mark Raban, Chief Financial Officer, said
"It has been a great pleasure and privilege to be involved in
the Group's recent transformational development. The Group remains
very well positioned for the next strategic growth phase,
underpinned by a strong balance sheet. From a personal perspective,
I feel the time is now right for me to explore new opportunities. I
would like to thank both the Board and entire MMH team for their
support and I wish them well for the future."
Peter Johnson, Chairman, said
"On behalf of the Board, I would like to thank Mark for his
valuable contribution to the success of the Group over the past
four years. We will be sorry to see Mark leave but we wish him well
for the future."
Daksh Gupta, Chief Executive Officer, said
"I would like to personally thank Mark for his support and being
an invaluable part of the management team since 2014. I wish him
all the very best for the future."
This statement contains inside information.
ENDS
For further information and enquiries please contact:
Marshall Motor Holdings plc
Daksh Gupta, Group Chief Executive Tel: +44 (0) 12 2337 7000
Mark Raban, Chief Financial Officer
Investec Bank plc (NOMAD & Broker) Tel: +44 (0) 20 7597 5970
Christopher Baird
David Flin
David Anderson
Hudson Sandler Tel: +44 (0) 20 7796 4133
Nick Lyon
Bertie Berger
About Marshall Motor Holdings plc (www.mmhplc.com)
The Group's principal activities are the sale and repair of new
and used vehicles through Marshall Motor Group. The Group's
businesses have a total of 101 franchises covering 23 brands,
operating from 84 locations across 26 counties in England. In
addition, the Group operates five trade parts specialists, three
used car centres, five standalone body shops and one pre delivery
inspection centre.
In April 2018 the Group was recognised by the Great Place to
Work Institute, being ranked the 21st best place to work in the UK
(large company category). This was the eighth year in succession
that the Group has achieved Great Place to Work status.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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