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.
Sign up for Financial Director email alerts
Please enter your email below to receive your profile link
Search by job title, salary, or location - we only list senior financial roles
Our panel of experts explore the major pension pain points and discuss what actions finance professionals should be taking in order to alleviate them
This Financial Director web seminar with Anaplan, the planning cloud for sales, finance, operations, and HR discusses how businesses can use enterprise data
Send to a friend