Marshall Motor Holdings’ chief financial officer Mark Raban is to step down from the board and the group is now searching for a successor.

Raban joined MMH in 2014 and played an integral role in both the group's IPO and its subsequent growth. He will remain with Marshall in his role until an appointment is made “to ensure a smooth transition”.

Raban: "It has been a great pleasure and privilege to be involved in the Group's recent transformational development.

“The group remains very well positioned for the next strategic growth phase, underpinned by a strong balance sheet. From a personal perspective, I feel the time is now right for me to explore new opportunities. I would like to thank both the Board and entire MMH team for their support and I wish them well for the future."