11 Dec 2018 07:00
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 Clock House Lodge LLP | GKN Plc 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.