REG - Motorpoint Group plc - Directorate Change

MotorpointAnnouncement

25/11/2021 07:00

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RNS Number : 5197T  Motorpoint Group plc  25 November 2021

25 November 2021

 

Motorpoint Group PLC

("Motorpoint" or the "Company")

 

Appointment of Non-Executive Chair

 

Motorpoint Group PLC, the UK's leading independent omnichannel vehicle
retailer, is pleased to announce the appointment of John Walden as an
Independent Non-Executive Chairman, with effect from 10 January 2022. John
will also become chair of the Nomination Committee of the Board of Directors.

 

John is currently Chairman of Snowfox Topco Ltd, the ultimate parent company
of the Yo! group and the Snowfox group and has had prior roles including
Chairman of Naked Wines plc, Chairman of the parent company of Holland &
Barrett International Ltd., Chief Executive of Argos and its parent company
Home Retail Group plc, and several senior roles with Best Buy Co. including
Executive VP and President of the Internet Division.  John has been a driving
force in omnichannel and consumer driven retailing, as well as leading digital
and transformational change, both in the UK and US.  John will be a great
addition to the team as the Group continues its transition to a digitally led
business.

 

After 11 years with the Group, Mark Morris has decided to retire as
Non-Executive Chairman, and will step down when John is appointed.  Mark has
played an extremely instrumental role in helping the business grow to become
the UK's leading independent omnichannel vehicle retailer, not least
successfully guiding Motorpoint through its IPO in 2016.

 

Mark Carpenter, Chief Executive of Motorpoint, said:

"On behalf of the Board, I am delighted to welcome John to Motorpoint as
Non-Executive Chairman. I must extend my personal thanks to Mark Morris, who I
have worked closely with for a number of years.    Whilst I will greatly
miss his input, as will my colleagues, I look forward to welcoming John and
his digital experience to the business."

 

This notification is made pursuant to Listing Rule 9.6.11R.

 

Enquiries:

 

 Motorpoint Group PLC                      via FTI Consulting

 Mark Carpenter, Chief Executive Officer

 Chris Morgan, Chief Financial Officer

 FTI Consulting (Financial PR)             020 3727 1000

 Alex Beagley

 Sam Macpherson

 Amy Goldup

 

Save as detailed below, there are no matters to be disclosed in respect of
this

appointment under paragraph 9.6.13 (1) to (6) of the Listing Rules.

 

John has held the following directorships in other publicly quoted companies
in the previous five years.  He does not currently hold directorships with
any other publicly quoted companies.

 

·    Naked Wines plc

·    Home Retail Group plc

·    FTD Companies, Inc.

 

John was a director of FTD Companies, Inc. which made a bankruptcy filing
under Chapter 11 in June 2019.  John departed from the board of FTD
Companies, Inc. in July 2018.

 

Notes to editors

Motorpoint is the UK's leading independent E-commerce led omnichannel vehicle
retailer, focused on giving retail and trade customers the easiest, most
affordable and seamless way of buying, selling and financing their car whether
online, in-store or a combination of both. Through its leading B2C platform
Motorpoint.co.uk and UK network of 15 sales and collection branches, the Group
provides an unrivalled offering in the nearly new car market, where consumers
can effortlessly browse, buy or finance their next car and collect or have it
delivered directly to their homes. Motorpoint's purely online wholesale
platform Auction4Cars.com sells vehicles into the wholesale B2B market that
have been part exchanged by retail customers, or purchased directly from them
by the Group as part of its online car buying service. Motorpoint's
diversified business model, underpinned by its established brand, industry
leading technology and sophisticated marketing infrastructure, always delivers
the best value, choice, quality and service for customers. The Group is proud
to have been recognised for seven consecutive years as one of the Sunday
Times' Top 100 Best Companies to Work For.

 

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