Auto Trader Group plc ("Auto Trader" or the "Company"),
1 September 2021
Appointment of Independent Non-Executive Director
Auto Trader, the UK's largest digital automotive marketplace, is pleased to announce the appointment of Jasvinder Gakhal as an Independent Non-Executive Director to its Board, with effect from 1 January 2022. Jasvinder will also join the Audit, Remuneration, Corporate Responsibility and Nomination Committees.
Jasvinder is Managing Director of Motor at Direct Line Group, prior to which she held a number of roles within Direct Line including most recently Chief Strategy Officer and before that Managing Director of Direct Line for Business. Before joining Direct Line Group in 2005, Jasvinder was a maths teacher.
Following Jasvinder's appointment, the Board comprises five Independent Non-Executive Directors, three Executive Directors and a Non-Executive Chairman.
Commenting on the appointment, Ed Williams, Chairman of Auto Trader, said:
"I am delighted to welcome Jasvinder to the Board. Her range of strategic and operational experience is a valuable addition. Jasvinder's appointment is the first step in the renewal of our board, given that three Independent Non-Executive Directors are due to step down by 2024, having served three 3-year terms, starting around the time of Auto Trader's 2015 IPO."
Commenting on her appointment, Jasvinder said:
"I am excited to be joining the Auto Trader Board. Auto Trader is a progressive, digital business that is well placed to build on its success as the UK's largest automotive platform and I look forward to being part of that journey."
There are no further disclosures required in respect of this appointment under paragraph 9.6.13 of the Listing Rules of the Financial Conduct Authority.
Enquiries:
| Powerscourt
| +44 (0)20 7250 1446 |
About Auto Trader
Auto Trader Group plc is the UK and Ireland's largest digital automotive marketplace. Our marketplace sits at the heart of the vehicle buying process, with the largest number of car buyers and the largest choice of trusted stock. Auto Trader exists to grow both its car buying audience and core advertising business. It will change how the UK shops for cars by providing the best online car buying experience, enabling all retailers to sell online. We aim to build stronger partnerships with our customers, use our voice and influence to drive more environmentally friendly vehicle choices and lead an inclusive and diverse culture in our industry. Auto Trader listed on the London Stock Exchange in March 2015 and is a member of the FTSE 100 Index.
For more information, please visit: https://plc.autotrader.co.uk/
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