LONDON - Motorpoint Group plc, the UK's leading independent vehicle retailer, announced that Swarupa Pathakji, a Non-Executive Director of the company, has been appointed to the board of Albion Technology & General VCT plc. The appointment, effective as of Thursday, follows the merger with Albion KAY VCT PLC.
Pathakji will serve on several committees at Albion Technology, including Audit & Risk, Remuneration, Nomination, and Management Engagement. Motorpoint has confirmed that Pathakji will be able to manage her time effectively to fulfill her responsibilities at both companies.
Motorpoint, known for its omnichannel approach to vehicle retailing, offers customers a seamless experience for buying, selling, and financing cars online, in-store, or through a combination of both. The company operates a network of 21 stores across the UK and manages a B2C platform, Motorpoint.co.uk, which is complemented by its online wholesale platform Auction4Cars.com.
The company's business model is supported by a combination of its established brand, industry-leading technology, and sophisticated marketing infrastructure, aiming to provide choice, value, service, and quality to its customers.
This announcement is based on a press release statement and contains no additional information that requires disclosure according to UKLR 6.4.8R. Motorpoint is listed on the London Stock Exchange (LON:LSEG) and is regulated by the Financial Conduct Authority in the United Kingdom (TADAWUL:4280).
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