Marshall Motor Holdings PLC Chairman Appointment (0352K)
December 11 2018 - 2:01AM
UK Regulatory
TIDMMMH
RNS Number : 0352K
Marshall Motor Holdings PLC
11 December 2018
11 December 2018
MARSHALL MOTOR HOLDINGS PLC
("MMH" or the "Company")
Chairman Appointment
Marshall Motor Holdings Plc, one of the UK's leading automotive
retail groups, is pleased to announce the appointment of Professor
Richard Parry-Jones CBE as its new Non-Executive Chairman with
effect from 1 January 2019.
Richard has had a long and distinguished career in the
automotive industry. He spent over 30 years in senior executive
positions at Ford Motor Company, including Group Vice President of
Global Product Development and served as its Chief Technical
Officer for 10 years.
Richard's non-executive career has included positions working
with the Government, such as in the role of Co-Chair of the UK
Automotive Council, and in infrastructure sectors, such as the
roles of Chairman of Network Rail, Kelda Group Holdings and
Yorkshire Water. He also served for 10 years as a non-executive
director of GKN Plc, a global leader in automotive and aerospace
systems, including the role of senior independent director for much
of that period.
Richard's other current roles include Visiting Professor at
Loughborough University and Chairman of the Faraday Challenge
Advisory Board.
Peter Johnson will retire from the Board on 31 December 2018
with Richard formally joining the Board on 1 January 2019.
Update on Chief Financial Officer appointment
As previously announced, Richard Blumberger has been appointed
as Chief Financial Officer of the Company. The Company is now able
to confirm that Richard will be taking up his new position on 2
January 2019 and Mark Raban will be stepping down on that date.
Mark will be available to assist the Company during a transition
period as required.
Alan Ferguson, Senior Independent Director, said:
"I am delighted that Richard will be joining the Company as its
new Chairman. He brings with him a wealth of knowledge and
experience of the automotive industry and his insight and guidance
will be invaluable to the development of the Company over the
coming years. I would again like to thank Peter Johnson for his
leadership of the Company over the past four years."
Richard Parry-Jones said:
"I am very pleased to be joining MMH as its new Chairman at this
time in its development. The global automotive industry is
undergoing unprecedented change, driven in large part by exciting
new technologies, some of which I have been heavily involved with
during my career. MMH's strategy of close partnership with major
global automotive brands has served it well over recent years,
enabling it to grow significantly and become a leading UK
automotive retailer. This strategy has positioned MMH well to
continue its recent success and I am very much looking forward to
being part of the MMH leadership team to help deliver its future
potential."
Further Information
Richard Parry-Jones (aged 67) holds or has held the following
directorships or partnerships in the past five years:
Current directorships or partnerships Previous directorships or partnerships
RPJ Consulting Services Limited GKN Plc
Clock House Lodge LLP Kelda Eurobond Co Limited
Yorkshire Water Services Limited
Network Rail Limited
Network Rail Infrastructure
Limited
Richard was a director of FKAC (Northampton) Limited (formerly
Cosworth Racing Limited) until 27 August 2004. FKAC (Northampton)
Limited was placed into administration on 12 November 2004 and was
the subject of a creditors voluntary liquidation that led to it
being dissolved on 1 January 2011.
Richard was a director of Deepstream Technologies Limited when
it was placed into administration on 12 June 2009 that led to it
being dissolved on 15 March 2011.
There are no other matters which are required to be disclosed in
accordance with Rule 17 and paragraph (g) of Schedule Two of the
AIM Rules for Companies.
ENDS
For further information and enquiries please contact:
Marshall Motor Holdings plc c/o Hudson Sandler Tel: +44 (0)
20 7796 4133
Daksh Gupta, Group Chief Executive
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
Nick Moore
Notes to Editors
About Marshall Motor Holdings plc (www.mmhplc.com)
The Group's principal activities are the sale and repair of new
and used vehicles. The Group's businesses comprise a total of 100
franchises covering 23 brands, operating from 83 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.
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END
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