Vertu Motors announces Peter Jones to its Board as upcoming Non-executive Chairman

– UK – Vertu Motors plc, the automotive retailer with a network of 108 sales and aftersales outlets across the UK is pleased to announce that, on 1 January 2015,  Peter Jones will join the Board as Non-executive Chairman.  Peter will succeed Paul Williams who is retiring at the end of this year after seven years as Chairman of Vertu.

 Peter Jones’s extensive industry background includes his joint ownership of the successful independent motor group Bramall and Jones Ltd; Commercial Director at Inchcape Retail; the CEO of C.D. Bramall plc and Commercial Director of Rover Cars UK & Ireland. From 2008 to 2013 Peter served as an executive director of Lookers plc including the CEO role from October 2009 to the end of December 2013.

Robert Forrester CEO of Vertu said: “I am particularly pleased Peter has agreed to join Vertu as Chairman.  Peter is a man for whom I have a deep respect.  He is an industry heavyweight with broad experience and is respected across the automotive sector and by the investment community.  I look forward to working with him and benefitting from his guidance.

I would like to take this opportunity to thank Paul Williams for his unwavering support over the last seven years and I know I speak for the whole Vertu team in wishing him well for the future when he steps down at the end of the year. Paul has been associated with Bristol Street Motors for more than 40 years and has been instrumental in its success over that period.”

Peter Jones, Non-executive Chairman Designate of Vertu said: “I am delighted to be joining Vertu as the business continues its well managed growth trajectory.  I have known and respected the team at Vertu for many years and look forward to working with the executive team to maximise the opportunities presented to the automotive retail industry.”

Vertu Motors is the sixth largest automotive retailer in the UK with a network of 108 sales and aftersales outlets across the UK. Its dealerships operate predominantly under the Bristol Street Motors, Vertu, Farnell Land Rover and Macklin Motors brand names.

 About Vertu Motors plc

Vertu Motors was established in November 2006 with the strategy to consolidate the UK motor retail sector. It is intended that the Group will continue to acquire motor retail operations to grow a scaled dealership group. The Group’s acquisition strategy is supplemented by a focused organic growth strategy to drive operational efficiencies through its national dealership network. The Group currently operates 106 franchised sales outlets and 2 non-franchised sales operations from 88 locations across the UK.

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