Motorpoint Group plc Appointment of Non-executive Director

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 Mark Carpenter, Chief Executive Officer	via FTI Consulting
Chris Morgan, Chief Financial Officer   FTI Consulting (Financial PR) Alex Beagley Harriet Jackson Amy Goldup	020 3727 1000

 

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 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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