Hendy Automotive has bolstered its board with the appointment of Daksh Gupta as a non-executive chairman, changing Simon Gulliford.
He’s joined by new non-executive administrators Michael Buxton, the ex-president of Cox Automotive and Nigel Farrell, associate in legislation Agency Farrells Authorized Companies.
They may work alongside chief govt Paul Hendy and chief finance officer Jonathan Moritz.
Duncan McPhee has additionally been appointed as a director, after becoming a member of the group COO final October.
Gupta has loved a protracted and profitable govt profession in UK motor retail, most lately as group chief govt officer at Marshall Motor Holdings, which he left in Could 2023.
Throughout his 15-year tenure at Marshall he led important progress of the group, shopping for and promoting 224 companies by 84 transactions, rising revenues from £300m to £4bn.
He additionally led its profitable IPO in 2015 and making a tradition the place the corporate was recognised as a greatest UK office for eight years in a row.
Hendy chief govt, Paul Hendy, mentioned: “These appointments severely strengthen the Important Board and construct on a improbable platform.
“The motor retail sector is at a point of inflection, and we are taking important steps to ensure the group remains agile and ready to maximise new opportunities that present themselves.”
Gupta mentioned: “I’ve been working with the Hendy group for the final eight months, and that offers me nice confidence in regards to the long-term prospects of the group.
“I look forward to working with Paul, the Board and wider executive team over the coming years to help unlock the significant opportunities that exist for the Group.”
Hendy Automotive is ranked within the high 20 listings of the UK’s largest supplier teams with a 2024 turnover exceeding £1bn.
