14th Sep 2006 12:58
Inchcape PLC14 September 2006 14 September 2006 Inchcape plc Board Change Inchcape plc ("Inchcape" or the "Group"), the international automotive retailgroup, announces that Graeme Potts is stepping down from the Board and leavingthe Group on 17 September 2006. During his time with the Group, Graeme Potts has worked alongside first PeterJohnson and now Andre Lacroix during a successful period of growth for Inchcape,as most recently demonstrated by the interim results published on 3 August 2006. Andre Lacroix, Group Chief Executive, said: "As our recent results show and under Graeme's leadership, we have significantlyimproved the performance of our UK business. We have grown it both organicallyand through a number of acquisitions, and we have an excellent management teamin place. We wish Graeme the very best in the next stage of his career." Peter Johnson, Chairman, said: "On the Board's behalf, I would like to thank Graeme for his achievements atInchcape in the last four years. I echo Andre's comments in wishing him the verybest for the future." Graeme Potts said: "I have greatly enjoyed my time with Inchcape, and am proud of the shape of theUK business today. I wish the Board and my colleagues in Inchcape every successin developing the next phase of the Group's strategy and, for my part, I lookforward to new challenges." - Ends - For further information, please contact: Group Communications, Inchcape plc020 7546 0022 Hogarth Partnership Limited (John Olsen)020 7357 9477 Notes to editors Inchcape is a scale automotive retail group operating in Australia, Belgium,Greece, Hong Kong, Singapore and the UK. The Group also has operations in anumber of other global markets. In addition to growing our core businesses, weare looking to develop scale operations in new and emerging regions. Werepresent leading automotive brands and operate either a retail, or a verticallyintegrated retail model (i.e. exclusive distribution and retail), depending onthe market. Our current key manufacturer partners are Toyota/Lexus, Subaru, BMW,the Premier Automotive Group of Ford, Mazda, Mercedes-Benz, Volkswagen, Audi andHonda. 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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