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Pendragon says Ten Entertainment's Mark Willis to replace outgoing Tim Holden as CFO

Willis joins Pendragon from Ten Entertainment where he has been CFO since taking it public in April 2017 - prior to this he held a number of finance roles at Home Retail Group

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Pendragon said on Monday that Holden would leave the business on 31 March 2019 after 11 years with the company

UK car dealer Pendragon PLC (LON:PDG) said that Tim Holden would stand down as its finance director early next year and be replaced by Ten Entertainment Group (LON:TEG) CFO Mark Willis.

Pendragon said on Monday that Holden would leave the business on 31 March 2019 after 11 years with the company, and 10 years on the board as finance director, to pursue other interests.

READ: Pendragon's quarterly profits hit by new emissions standards

Willis joins Pendragon from Ten Entertainment where he has been CFO since taking it public in April 2017. Prior to this Willis worked at Home Retail Group (LON:HOME), which included roles as Argos finance director, director of group finance and investor relations director. Pendragon said it would announce Willis’ start date in the near future.

“I would like to thank Tim for his important contribution to the growth and robust financial health of the company during the time he has been with us, initially as financial controller and for the last ten years on the board as finance director. We wish him all the best for his future plans,” Pendragon CEO Trevor Finn said in a statement.

“Mark brings a breadth of financial and commercial experience combined with strategic and operational expertise, and is ideally suited to take Pendragon through the next phase of its transformation,” he added.

Quick facts: Pendragon Group

Price: 9.76 GBX

LSE:PDG
Market: LSE
Market Cap: £136.34 m
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