Inchcape chief financial officer Gijsbert de Zoeten will stand down with immediate effect over issues with his “personal behaviour” at a recent event.
The automotive distribution and car retail PLC announced de Zoeten’s departure was announced in a statement issued via the London Stock Exchange this morning (November 28).
Inchcape said he had “voluntarily tendered his resignation” and would be standing down from the board with immediate effect.
It added: “This follows an incident at a recent event where, through a lapse in judgement, he displayed personal behaviour falling short of the high standards expected of the leadership of the group.
“His decision is unrelated to the company’s financial performance or strategic direction, including the Derco acquisition.”
Former LeasePlan chief financial officer de Zoeten was appointed as Inchcape CFO in August 2019 following Richard Howes’ decision to leave the AM100 car retail group.
Adrian Lewis, currently Inchcape’s group financial controller, has been appointed acting group chief financial officer and the process to identify a permanent successor is being initiated, the group said.
News of de Zoeten’s resignation comes just days after an online presentation in which Inchcape detailed its focus on an omnichannel customer journey last week.
Last month Inchcape reported strong revenue growth in Q3 2022 and said that it expects to meet or exceed its profit guidance for the full year in a stock market update for the three months to September 30.
The group’s revenues rose 24% to £2.1 billion, up 16% on an organic basis, during the period.
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- Source: https://www.am-online.com/news/people-news/2022/11/28/inchcape-chief-financial-officer-resigns-over-personal-behaviour-at-event
