– UK, Annesley – Pendragon PLC (LON:PDG) today announced that Mark Herbert will join the Company on 04 March 2019 as Chief Executive Officer designate, and will assume the role of Chief Executive Officer and join the Board on 01 April 2019.

As previously announced on 14 December 2018, Trevor Finn will retire from Pendragon PLC on the 31 March 2019. Trevor will hand over his CEO responsibilities to Mark and will remain available to support an orderly transition until his retirement.

Pendragon’s Chairman, Chris Chambers commented: “Mark is a proven, successful leader and I’m pleased to welcome him to the Company. He is the ideal person to lead Pendragon through the next phase of its development and we all look forward to working with him as we continue to implement our established strategy”.

About Mark Herbert

Mark joins Pendragon following a 20 year executive career with Jardine Matheson Group across a diverse range of industries including the Jardine Motors Group UK where he held positions as Group Finance Director and Chief Executive Officer for 8 years. Most recently, Mark was the Chief Executive of Cold Storage Singapore and Chairman of DFI Lucky Cambodia consisting of 550 supermarket and convenience stores that formed part of Dairy Farm International Holdings, a pan Asian retailer and subsidiary of Jardine Matheson. Mark brings a wide range of executive and automotive sector leadership expertise to Pendragon.

Mark Herbert, CEO designate commented: “I am delighted to be joining Pendragon as CEO at this time of rapid change and innovation in the consumer retail and automotive sectors. I am looking forward to leading the Company through the next phase of its development, working alongside our highly capable team members and business partners to implement our strategy and deliver good service and value to our customers, shareholders and the broader communities in which we operate”.

For more information : https://www.pendragonplc.com

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