MOTOR RETAIL GROUP Pendragon has appointed former KPMG partner Mel Egglenton as chairman.
Mr Egglenton joined the company in December 2010 as an independent non-executive director, and will succeed Mike Davies, who will retire from the board and as chairman at the 2013 AGM.
A former partner at KPMG LLP, he chaired the firm’s UK audit committee as a member of the board, taking on the role as UK senior independent partner at the company.
Egglenton is a non-executive director of and adviser to a number of UK-based private companies, and considered by the board to be independent.
Of his appointment, he said: “I am looking forward to working with the board and the executive team in the next phase of Pendragon’s progress.”
Mike Davies said: “I am delighted that I am handing over the role of chairman to Mel, who has brought both energy and valuable insight in his role as a non-executive director.”
Davies added: “His sound understanding of Pendragon and our sector mean he is well-placed to lead the board as Pendragon continues to develop and work to our strategy.”
An external search for a candidate for the position of independent non-executive director and chairman of the company’s audit committee is under way.
CIMA study reveals qualified management accountants are paid £36,411 more than the typical British workers
Jane Ellison to serve as 'tax minister' following ministerial responsibilities for public health. David Gauke become chief secretary to the Treasury
EY becomes the latest Big Four firm to sign HM Treasury’s Women in Finance Charter
PwC urges for continued progress on gender diversity as government targets FTSE 350 companies to have 33% women on boards by 2020