Auto Trader Group plc (LON:AUTO), the UK’s largest digital automotive marketplace, has announced that Catherine Faiers has informed the Board of her intention to step down as Chief Operating Officer in order to take up a CEO position at another UK listed company.
The Company will implement a smooth and orderly transition, with details of succession arrangements and the final leaving date for Catherine to be shared in due course.
Nathan Coe, CEO of Autotrader, said:
“We are grateful for Catherine’s contribution to Autotrader over the past eight years. She has demonstrated extraordinary commitment, strong values and a deep care for Autotrader and its people, customers and shareholders. Catherine has been instrumental to many of the changes we have made in the business and will be missed. However, we are in the fortunate position to have a depth of talent at Autotrader enabling us to continue with our existing strategy and plans without interruption. We wish her every success in her new role.”
Catherine Faiers of Autotrader, said:
“It has been a privilege and a true career highlight to serve on the Board and leadership team of Autotrader. Being part of the team driving innovation and growth in a business whose data and technology underpin the UK automotive industry has been both inspiring and immensely rewarding. I’m proud to have contributed to shaping Autotrader’s strategy and growth during this pivotal period. I wish the entire team every success as they continue to lead and transform the industry.”
