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Board appointment at Pendragon

Pendragon, the UK's largest car dealer group, has announced a new non-executive director will join its board on January 28.

Chris Chambers takes up the role, replacing Ian Coull, who retires from the board as an independent non-executive director on the same day.

Chambers pursued a career in investment banking, culminating in his roles as managing director and Head of European Equity Capital Markets at Credit Suisse First Boston and finally as a director of MAN Group.

Since 2010 he has concentrated on non-executive roles, primarily in real estate and banking.

He brings retail experience, as former chairman of the prestigious Swiss Jelmoli store, and retail and commercial property expertise from Swiss Prime Site AG, where he is a non-executive director.

His other current non-executive roles are as a member of the supervisory boards of Berenberg Bank (Schweiz) AG and G.E. Money Bank AG Switzerland and he is a senior adviser to private equity firm, Lone Star Europe.

Mike Davies, Pendragon's chairman, commented: "I would like to thank Ian Coull for his time on the board and the valuable contribution he has made.

"I am very pleased that Chris is joining the board. He has amassed considerable achievements in his professional and business life and brings valuable experience from his involvement in capital markets and exposure to a wide range of business sectors, including retail and commercial property.

"The Board looks forward to working with him in the next phase of Pendragon's development."

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