Thursday, March 01, 2007
Bristol St chief to have Vertu board seat
PAUL WILLIAMS, chief executive of Bristol Street Motors, now the subject of a conditional take-over by Vertu Motors, will become a director and non-executive chairman of Vertu on completion of the deal.
William Teasdale will step down as Vertu chairman but will remain on the board as a non-executive director.
Vertu said today that it intends to pursue a strategy of organic growth of Bristol Street Group, identifying and capitalising upon performance improvement opportunities.
It said opportunities include increasing used car sales, development of fleet and contract hire businesses, further development of the Bristol Street Group internet retail presence and centralisation of procurement and marketing.
The group will also continue to focus on identifying and acquiring additional UK motor retail businesses in order to benefit from additional economies of scale and to achieve further geographical concentration.
DATED: 01.03.07
FEED: AW
William Teasdale will step down as Vertu chairman but will remain on the board as a non-executive director.
Vertu said today that it intends to pursue a strategy of organic growth of Bristol Street Group, identifying and capitalising upon performance improvement opportunities.
It said opportunities include increasing used car sales, development of fleet and contract hire businesses, further development of the Bristol Street Group internet retail presence and centralisation of procurement and marketing.
The group will also continue to focus on identifying and acquiring additional UK motor retail businesses in order to benefit from additional economies of scale and to achieve further geographical concentration.
DATED: 01.03.07
FEED: AW
