Business
Board Changes
Board Changes.
About this update from Autotrader Group Plc
[{"type":"text","content":"\n \nRNS Number : 3220X Auto Trader Group plc 29 April 2019 \n\n29 April 2019\n \nAUTO TRADER GROUP PLC\n \nBOARD CHANGES\n \nAuto Trader Group PLC (LSE: AUTO, \"Auto Trader\" or the \"Company\"), the UK's largest digital automotive marketplace, announces that Trevor Mather, Chief Executive Officer (\"CEO\"), has notified the Board of his intention to retire from his position as CEO and as a director on 31 March 2020. \n \nIn line with the Company's long-term succession planning, Nathan Coe, who is currently Auto Trader's Chief Operating Officer (\"COO\") and Chief Financial Officer (\"CFO\"), will be promoted to the role of CEO-designate with effect from 1 May 2019 and will continue to be responsible for finance until taking over the CEO role full time following Trevor's departure in March 2020. Jamie Warner, who is currently Auto Trader's Deputy CFO, will be promoted to CFO-designate with effect from 1 May 2019. He will not join the Board immediately, but the intention is that he will do so in due course. Catherine Faiers, who is currently Auto Trader's Operations Director, will be promoted to COO from 1 May 2019, when she will also join the Board. \n \nCommenting on the changes, Ed Williams, Chairman of Auto Trader, said:\n \n\"Trevor has made a phenomenal contribution to Auto Trader's success over the last six years. In addition to leading the hugely successful IPO, he has overseen a period of consistently strong financial results and shareholder returns whilst also working tirelessly to build a unique and values-led culture. The fact that we are able to promote from within to replace him, as well as the other senior roles around him, is clear testament to the strength of the team that he has developed and nurtured. We greatly appreciate everything that Trevor has done for the business, and the manner in which he has done it. We wish him the very best for the future.\n \n\"We are extremely fortunate to have such a natural and outstanding replacement for Trevor in the form of Nathan Coe. Nathan joined Auto Trader in 2007 to oversee the transition from a magazine business to being a purely digital company. He has been instrumental in shaping Auto Trader into one of the UK's leading digital businesses, and the Board is confident that he will be a worthy successor as...