Pendragon chairman Chris Chambers to stand down

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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.


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