# Inchcape Group CEO Stefan Bomhard to step down

- Link: https://www.directorstalkinterviews.com/inchcape-group-ceo-stefan-bomhard-to-step-down/412804594
- Published: 2020-02-03T07:43:10+00:00
- Author: Amilia Stone

**Inchcape plc** (LON:INCH) today announced that Stefan Bomhard, who joined the 
Group as CEO in 2015, has resigned from the company to take up a position as CEO
at [Imperial Brands plc](https://www.directorstalkinterviews.com/ftse-company/imperial-brands-plc/imb.l).
The Board will now commence a succession process and Stefan’s departure date will
be announced in due course.

> **Stefan Bomhard, Group CEO said: **“It has been a privilege to lead such a high-
> quality organisation in an exciting and dynamic sector. I would like to thank 
> the strong team that I have had the pleasure of working with. I know that Inchcape
> will continue to go from strength to strength. I leave Inchcape with my gratitude
> to our partners and shareholders who have supported Inchcape through my time with
> the business.”

The Group will announce its full year results on Thursday 27 February.

> **Nigel Stein, Inchcape Chairman said: **“On behalf of myself, the Board and all
> our colleagues at Inchcape, I would like to thank Stefan for his transformational
> leadership of this company. The Ignite strategy he implemented has substantially
> refocused and grown the Group’s activities towards a more profitable Distribution-
> weighted business model. In order to achieve these significant developments and
> enhance Inchcape’s organisational strength, Stefan has developed and empowered
> a strong management team that will continue to drive the business forward following
> his departure. We are grateful to Stefan and wish him continued success for the
> future”.

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