Pendragon boss quits after just three months

Mark Herbert
Pendragon's chief executive Mark Herbert is set to leave the company just over three months after taking the job. Herbert will step down "by mutual agreement", according to the Nottingham car retailer. The news comes just two weeks after the firm said it expects to make a small loss for 2019, with the first-half of the year expected to be “significantly loss making” ahead of returning to overall Group profitability for the second-half. Pendragonsaid its Car Store arm will report losses of £25m by the end of this year. ... You can carry on reading for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...