18th Oct 2019 10:45
(Alliance News) - Car marketplace Auto Trader Group PLC said on Friday it has appointed Sigga Sigurdardottir as an independent non-executive director with effect from 1 November.
The Manchester, England-based company said Sigurdardottir, who will be joining Tesco Bank as chief customer officer in November, will also join Auto Trader's Audit, Renumeration and Nomination committees. Tesco Bank is part of FTSE 100 listed grocer Tesco PLC.
Auto Trader added that following the appointment, representation of women on the company's board increases to 50%.
Ed Williams, chair of Auto Trader, said: "Sigga's extensive experience in digital transformation will be a valuable addition to the board, and her financial services expertise will support Auto Trader as the business continues to build on its consumer finance offering. I am delighted to welcome her to the board."
Auto Trader shares were down 0.5% in London at 535.20 pence each on Friday morning.
By Loreta Juodagalvyte; [email protected]
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