Vertu Motors plc (LON:VTU), the automotive retailer with a network of 125 sales outlets across the UK, has today provided an update on trading before entering a close period.
Since the trading update provided at the Annual General Meeting held on 25 July 2018, the Group has continued to trade in line with the trends set out in that update and in line with the Board’s expectations.
The Group will announce its results for the six months ended 31 August 2018 on 10 October 2018.
The company also announced today the appointment of Andrew Goss to the Board as an independent Non-executive Director with immediate effect.
Andrew brings to the Group 39 years of experience in the automotive sector, having held senior roles in Citroen UK, Nissan Europe, Lexus (GB), Toyota (GB), Porsche and most recently Jaguar Land Rover. Between 2010 and 2013 Andrew headed Jaguar Land Rover’s business in North America as its President and CEO, and between 2013 and 2018 he sat on the Jaguar Land Rover Board as Global Sales Operations Director. During this period he also represented Jaguar Land Rover in its joint venture interests in China and in its Spark 44 advertising agency.
Andrew will sit as a member of the audit, nominations and remuneration committees.
Peter Jones, Chairman of Vertu Motors plc said: “We are delighted to welcome Andy to the Board of Vertu. He has an unmatched wealth of sector experience. He will bring invaluable insights as the Board develops and executes its strategy in the coming years.”
Andrew Goss said: “I have observed Vertu’s development with interest over the last 10 years and I am excited by the opportunity of helping to guide its next period of growth. The next few years will see significant transformation of the automotive sector around new technologies and changing customer behaviours. I believe a proactive Group like Vertu can be very well positioned to take advantage of these changes.”
See below for further information in accordance with Rule 17 of the AIM Rules for Companies:
AIM Rule 17
Save for the information above and below, there are no further disclosures to be made in accordance with Schedule Two (g) of the AIM Rules for Companies in respect of the appointment of Andrew Paul Goss
Blue Moon Advisory Limited
Belmont School (Feldemore) Educational Trust Limited
Chery Jaguar Land Rover Automotive Co Ltd
Spark44 (JV) Limited
Jaguar Land Rover Holdings Limited
Jaguar Land Rover Limited
JLR Nominee Company Limited
Porsche Financial Services Great Britain Limited
Porsche Retail Group Limited
Society of Motor Manufacturers and Traders Limited (The)
Porsche Cars Great Britain Limited
Toyota (G.B.) Plc
Lexus (GB) Limited