– UK, Swindon – Cambria Automobiles PLC (AIM:CAMB), the franchised motor retailer, is pleased to announce the appointments of Paul McGill and William Charnley to the Board as Non-Executive Directors with immediate effect.
Paul has a detailed and extensive level of knowledge of the motor retail industry, acquired from over 30 years in the business. He was most recently Head of Projects at Lloyds Banking Group, where he was responsible for promoting the Black Horse Consumer Finance brand across the Group, leading new business initiatives and recruiting key individuals to the business. He also served as Head of Motor Finance (South) at Black Horse, a position he held from 2009 until April 2016. Prior to these roles, Paul was Head of Distribution at Bank of Scotland Dealer Finance for 18 years where he was responsible for an external sales force of approximately 150 home based sales and sales managers.
William is currently a Partner at King & Spalding International in the Corporate practice, a position he has held for over four years. William has over 20 years’ experience in public and private mergers and acquisitions, disposals, flotations, private equity transactions and general corporate and securities advice. William has a high level of knowledge of both the motor retail sector and Cambria as he advised Cambria on the Group’s IPO on AIM in 2010. He also served as a Non-Executive Director at CD Bramall plc for four years prior to it being acquired in 2004, before joining the Board of Lookers plc as an alternate Non-Executive Director from 2006 to 2008. William is a Fellow of the Institute of Chartered Secretaries and Administrators and of Hughes Hall, University of Cambridge.
Philip Swatman, Chairman of Cambria Automobiles plc, commented: “I am delighted to welcome Paul and William to Cambria. Both bring to the Group a vast amount of experience, knowledge and expertise of the motor retail industry which will complement the extremely strong management team we already have in place. I am sure they will prove to be a valuable asset as the Board focuses on enhancing the core operations of the Group’s existing businesses whilst delivering the integration and optimisation of the more recently acquired businesses.”
About Cambria
Cambria Automobiles (AIM:CAMB), was established in March 2006 with the aim of creating a balanced independent UK motor retail group through a self-funded “buy and build” strategy, focused on turnaround opportunities.
Working in close cooperation with its manufacturer partners, the Group has built a balanced portfolio of 31 luxury, premium and volume dealerships, representing 45 franchises and 16 brands, with geographical representation spanning from the North West to the South East in Kent. These businesses are autonomous and trade under local brand names, including Dees, Doves, Grange, Invicta, Motorparks and Pure Triumph.
Cambria’s brand portfolio currently comprises Abarth, Alfa Romeo, Aston Martin, Dacia, Ford, Fiat, Honda, Jaguar, Jeep, Land Rover, Mazda, Nissan, Renault, Triumph, Vauxhall and Volvo.
The management’s success in turning around under-performing dealerships has allowed Cambria to build a strong balance sheet. As a result, the Group is in a position to acquire valuable premium operations, like the recently acquired Jaguar Land Rover dealership in Woodford, Land Rover dealership in Welwyn Garden City, Jaguar Land Rover business in Barnet and Land Rover business in Swindon, which are immediately earnings enhancing and directly in line with the Group’s strategy to further enhance the brand portfolio.
The Group’s medium term ambition is to create a £1 billion turnover business producing attractive returns on capital.
For more information : http://www.cambriaautomobilesplc.com
- Disclaimer - News, data, and statements included in this release are intended exclusively for general information purposes. Talent4Boards does not guarantee that news is accurate or about the correct person and accepts neither liability for the consequences of the reader’s reliance, nor responsibility for the accuracy of the information. Nothing in this release should be considered for decisions about referred securities. Products and brand names may be trademarks or registered trademarks of their respective owners.
