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Group 1 in the UK took to social channels today to welcome on board its new CEO Mark Raban.
Raban confirmed to Motor Trader in August that he had landed the sop job at the UK arm of the US dealer giant.
Mark Raban, the former CEO of Lookers, was the winner of the Motor Trader Outstanding Achievement Award in 2023 for his tenure at Lookers, hauling the company back from big losses to significant profitability. He was profiled in Motor Trader earlier that year.
Lookers was sold to Global Auto Holdings, a sister company of Alpha Auto Group, for £465.4m in 2023. Shortly afterwards Raban left the company.
Raban will take responsibility for a business which doubled in size this month with the acquisition of Inchcape’s 54 UK dealership.
His appointment coincided today with the announcement that Group 1 had acquired Soper of Lincoln BMW/MINI, located north of London, in the country of Lincolnshire.
“We are excited to welcome Mark Raban as the new CEO of Group 1 Automotive UK!
“With more than 20 years of experience in the UK motor trade, Mark will lead the integration of our recently acquired Inchcape dealerships and drive strategic growth in the UK market,” Group 1 posted on LinkedIn.