Vertu Motors announced the appointment of Karen Anderson as Chief Financial Officer with effect from 1 March 2019. Karen will replace Michael Sherwin, who has informed the Board of his intention to step down in March 2019 to further develop his portfolio of business interests. Michael has been the Group's CFO since 2010. Karen is currently Deputy Chief Financial Officer and Company Secretary and trained as a chartered accountant with Arthur Andersen before joining Reg Vardy PLC where she was the Group Financial Controller. She joined the Group in 2006 and served as Group Finance Director until 2010, seeing the Group through its flotation and initial growth period.

The Company also announced that Nigel Stead, who has served as a Non-Executive Director since 2011, will retire from the Board on 31 December 2018.