Auto Trader Group plc
18 October 2019
Auto Trader Group plc (LSE: AUTO, "Auto Trader" or the "Company"), the UK's largest digital automotive marketplace, is pleased to announce the appointment of Sigga Sigurdardottir as an Independent Non-Executive Director to its Board, with effect from 1st November 2019. Sigga will also join the Audit, Renumeration and Nomination Committees.
Sigga has worked in the financial services industry for 18 years, pioneering digital transformation at both American Express and Santander UK, and will be joining Tesco Bank as Chief Customer Officer in November 2019.
Following Sigga's appointment, the Board comprises four Independent Non-Executive Directors, three Executive Directors and a Non-Executive Chairman, and representation of women on the Board increases to 50%.
Commenting on the appointment, Ed Williams, Chairman of Auto Trader, said:
"Sigga's extensive experience in digital transformation will be a valuable addition to the Board, and her financial services expertise will support Auto Trader as the business continues to build on its consumer finance offering. I am delighted to welcome her to the Board."
Commenting on her appointment, Sigga Sigurdardottir said: "I have spent my career working on customer-led transformations across the world, and have led strategic partnerships with digital, fintech and start-up communities of all shapes and sizes. I am looking forward very much to applying my experience to Auto Trader and to working with the Board to support the next phase of the Company's 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.
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About Auto Trader Group plc
Auto Trader Group plc is the UK and Ireland's largest digital automotive marketplace. Auto Trader sits at the heart of the UK's vehicle buying process and its primary activity is to help vehicle retailers compete effectively on the marketplace in order to sell more vehicles, faster. Auto Trader listed on the London Stock Exchange in March 2015 and is now a member of the FTSE 100 Index.
The marketplace brings together the largest and most engaged consumer audience. Auto Trader has over 90% prompted brand awareness and attracts circa 50 million monthly cross platform visits each month, with over 70% of visits coming through mobile devices.
The marketplace also has the largest pool of vehicle sellers (listing around 450,000 cars each day). Around 80% of UK automotive retailers advertise on autotrader.co.uk.
For more information, please visit https://plc.autotrader.co.uk/
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