Pendragon chairman Chris Chambers to stand down


Auto dealer Pendragon said chairman Chris Chambers would stand down at the start of October.

He would be replaced on an interim basis by current non-executive director Bill Berman, who would assume the newly-created role of executive chairman.

Berman would provide leadership and strategic direction while the search for a new chief executive continued and the process for finding a new chairman commenced, Pendragon said.

'It has been a privilege to work with my colleagues and stakeholders at Pendragon over a number of years, and I am firmly of the view that the company now needs an executive chairman who can dedicate the time and industry expertise that the company requires in these difficult markets,' Chambers said.

Related content

Consumer stocks rally on lockdown easing hopes


Hopes of a return to a ‘new normal’ saw consumer-facing stocks stage a significant rally as the UK announced plans for reopening of retail...

Thu, 28/05/2020 - 00:00

Could we see a return of M&A due to the crisis?


We usually associate mergers and acquisitions (M&A) with bull markets and high levels of corporate cash flows, but could the coronavirus crisis force companies to...

Thu, 07/05/2020 - 00:00

Pendragon held then ceased merger talks with Lookers

Auto dealer Pendragon said it had held, but later ceased, merger talks with rival Lookers.

'While Pendragon believed that such an exploration would have proved...

Mon, 04/05/2020 - 07:05

Broker Forecast - Berenberg issues a broker note on Pendragon PLC

Berenberg today reaffirms its hold investment rating on Pendragon PLC (LON:PDG) and cut its price target to 8p (from 17p).

Broker Forecasts data provided by...

Wed, 18/03/2020 - 15:30

Pendragon losses deepen; closely monitoring coronavirus impact on economy

Auto retailer Pendragon reported a deeper annual loss and scrapped its final dividend, though it said its performance had improved in the second half after...

Wed, 18/03/2020 - 07:13