3rd Jan 2006 07:01
Inchcape PLC03 January 2006 3 January 2006 Inchcape Board changes Further to the announcements made on 28 February and 1 June 2005, Inchcape plc, the international automotive services group, confirms that the following Board changes have taken effect. Sir John Egan retired from his role as Chairman, and from the Board, on 31 December 2005. Peter Johnson, previously Group Chief Executive, succeeded Sir John asNon-executive Chairman with effect from 1 January 2006. Andre Lacroix, who joined the Board as Group Chief Executive Designate on 1 September 2006, assumed the role of Group Chief Executive with effect from 1 January 2006. In addition, and further to the announcement made on 13 December 2005, KarenGuerra has also joined the Board as a Non-executive Director with effect from 1 January 2006. Following these changes, and in addition to Peter Johnson as Non-executiveChairman, the Board includes six Non-executive Directors, five of whom areindependent. Notes to editors As Non-executive Chairman, Peter Johnson will receive a basic annual salary of£275,000. As Group Chief Executive, Andre Lacroix will receive a basic annualsalary of £620,000. Their other contractual terms are consistent with those oftheir predecessors and will be detailed in the forthcoming Annual Report andAccounts for 2005. For further information, please contact: Group Communications, Inchcape plc020 7546 0022 Hogarth Partnership Limited (John Olsen/Barnaby Fry)020 7357 9477 Inchcape, an international automotive services group, provides qualityrepresentation for its manufacturer partners, a choice of channels to market andproducts for its retail customers and a range of business services for itscorporate customers. Operations are focused on Australia, Belgium, Greece, HongKong, Singapore and the UK. Inchcape's activities include exclusive Import,Distribution and Retail, Business Services, automotive E-commerce and FinancialServices. Our key manufacturer partners are Toyota/Lexus, Subaru, BMW, thePremier Automotive Group of Ford, Mazda, Mercedes-Benz and Volkswagen. For further information, visit us at www.inchcape.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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