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Lookers recruits former HBOS CIO with 'valuable' regulatory expertise

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Lookers has appointed former HBOS chief information officer Heather Jackson as a non-executive director of the company with effect from today (November 25).

Jackson, who is also currently a non-executive director at JD Sports Fashion plc, Skipton Building Society and Ikano Bank AB, has also held senior positions at Capital One, Boots, Asda and Accenture Consulting in the past, and specialises in change management, digital, IT and operations.

In a statement issued via the London Stock Exchange this morning, Lookers chairman, Phil White, said: "We are delighted that Heather has joined the Board of Lookers.

“Her regulatory expertise, as well as experience on digital technology and change and her current NED roles will be of great value to us.

“She is a great addition to the Board at a very important time for the group.”

At the start of November Lookers announced that chief executive Andy Bruce and chief operating officer Nigel McMinn are leaving at the end of this year.

The experienced motor retail leaders agreed to step down from the as Lookers issued a profits warning and revealed the Financial Conduct Authority began its formal investigation into its consumer credit regulation compliance last month.

AM reported following the profit warning, on Lookers plan to stepped up its "portfolio consolidation" to improve the future financial performance of the UK's second largest car dealer group.

It will close 15 dealerships and, where possible, relocate or consolidate those businesses into existing group dealerships in adjacent territories.

Of these, 13 will close before the year-end.

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