Auto Trader FD steps down

The chief financial officer of online car selling platform Auto Trader is to step down.

Sean Glithero, who has been with the Manchester-based company for 11 years, is to take a new role at Funding Circle although a handover date is yet to be agreed.

The listed company’s board has appointed Nathan Coe as successor, who will combine the role of chief financial officer with his existing responsibilities as chief operating officer.

Coe joined Auto Trader in 2007 and the company said he has been instrumental in its transition from a magazine business to a digital company, responsible for launching a number of new business areas and for Auto Trader’s early entry and subsequent growth in mobile and online.

Prior to joining Auto Trader, Coe was a corporate finance professional at both PwC and Austraian telecommunications company Telstra.

Ed Williams, chairman of Auto Trader, said: “We would like to thank Sean for his significant contribution to the success of Auto Trader. In his immensely capable hands, Auto Trader has succeeded in its transformation from a print to a purely digital business and from private ownership to a listed UK plc.

“The focused nature of the business and the quality of the team he has built around him allows us to combine many of the finance and operational aspects of our business.

“In Nathan we have the depth of knowledge and experience that comes from a decade in the business, in addition to substantial corporate financial experience.”