REG - Motorpoint Group plc - Appointment of Non-executive Director

MotorpointAnnouncement

13/09/2024 08:00

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RNS Number : 1100E  Motorpoint Group plc  13 September 2024

13 September 2024

Motorpoint Group PLC

("Motorpoint", the "Group" or the "Company")

 

Appointment of Non-executive Director

Motorpoint Group PLC, the UK's leading independent omnichannel used vehicle
retailer, is pleased to announce the appointment of Swarupa Pathakji as an
Independent Non-executive Director, with effect from 1 October 2024. Swarupa
has been appointed as a member of the Audit, Nomination, Remuneration and ESG
Committees.

Swarupa is a Director of Albion KAY VCT plc, where she is Chair of the
Nomination and Remuneration Committees and a member of the Audit and Risk
Committee. She is also a Non-executive Director of value retailer OFS (DS)
Holdings Ltd where she is Chair of the Audit Committee. Swarupa has extensive
experience across multiple sectors, having worked at Merrill Lynch and Duke
Street, a mid-market Private Equity firm, and was also a Non-executive
Director at ScS Group plc prior to the business being sold to Cerezzola
Limited in January 2024.

 

John Walden, Chairman of Motorpoint Group PLC commented:

"We are delighted to welcome Swarupa to the Motorpoint Board. Swarupa brings a
wealth of experience across financial and customer facing businesses, capital
markets and strong strategic acumen, which will be invaluable to the
business."

 

 

No further information is required to be disclosed pursuant to UKLR 6.4.8R.

 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

 Harriet Jackson

 Amy Goldup

 

Notes to editors

 

Motorpoint is the UK's leading independent 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 20 stores, 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 (http://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 choice, value, service and quality for customers.

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