Motor Trader The award-winning and longest running UK magazine for car retailing professionals. Your first stop for News, Jobs and Reports for the motor industry.
Pendragon has appointed the ex-chairman and CEO of GE Capital Richard Laxer as an independent non-executive director.
Laxer, who spent 34 years with General Electric, will serve on the company’s nomination, remuneration and audit committees and will succeed to the roles of senior independent director and chair of the Pendragon’s audit committee.
Laxer most recently held the position of chairman and CEO of GE Capital.
He is a former non-executive director serving on the boards of a number of major European based banks.
Pendragon chairman, Chris Chambers said: “I am really pleased that Richard has agreed to join our board.
“His significant and extensive experience in delivering the successful transformation of a portfolio of complex financial services businesses is an ideal addition to our board as we continue our own transformation and progress towards achieving our strategic objectives”.
Jeremy King will be standing down as a non-executive director. Pendragon said it was in the process of recruiting an additional independent non-executive director.