Pendragon names new chief executive

Pendragon, the Nottingham car dealership giant which owns the Evans Halshaw and Stratstone brands, has named its new chief executive.

Mark Herbert will join the company on 4 March to take over from Trevor Finn who announced he was stepping down in December last year.

Herbert joins Pendragon following a 20 year executive career with Jardine Matheson Group across a range of industries including the Jardine Motors Group UK where he held positions as group finance director and chief executive for eight years. Most recently, he was the chief executive of Cold Storage Singapore and chairman of DFI Lucky Cambodia consisting of 550 supermarket and convenience stores that formed part of Dairy Farm International Holdings, a pan-Asian retailer and subsidiary of Jardine Matheson.

Pendragon’s chairman, Chris Chambers, said: “Mark is a proven, successful leader and I’m pleased to welcome him to the Company. He is the ideal person to lead Pendragon through the next phase of its development and we all look forward to working with him as we continue to implement our established strategy”.

Herbert said: “I am delighted to be joining Pendragon as CEO at this time of rapid change and innovation in the consumer retail and automotive sectors. I am looking forward to leading the company through the next phase of its development, working alongside our highly capable team members and business partners to implement our strategy and deliver good service and value to our customers, shareholders and the broader communities in which we operate.”