6 May 2022
REDDE NORTHGATE
PLC
(“Redde Northgate” or the “Group” or
the “Company”)
Redde Northgate
plc Directorate Changes
Redde Northgate plc today announces that Bindi Karia will join the Board as an
Independent Non-Executive Director, effective immediately. Bindi
will join the Company’s Remuneration Committee, Audit Committee and
Nomination Committee.
Separately and effective from today, John Davies, Non-Executive Director and Chair of
the Remuneration Committee, will step down from the Board and
John Pattullo will become Chair of
the Remuneration Committee in addition to his present role as
Senior Independent Director of the Company.
Avril Palmer-Baunack, Chairman, Redde Northgate plc,
said:
"I am delighted to welcome Bindi to the Board. Bindi brings deep
experience in technology and innovation having held senior board,
investment and advisory roles across the technology ecosystem in
Europe, which will be of great
benefit to the Group as we continue to focus, drive and broaden our
business, invest in digitalisation and enhance our mobility
solutions platform.
I would like to thank John Davies
for his significant contribution and service over the past decade
to the Redde plc board and subsequently the Redde Northgate plc
Board.”
Since its merger in 2020, Redde Northgate has regularly reviewed
the composition of the Board and is committed to seeking
opportunities to enhance the breadth and skills of the Board for
the benefit of the Group’s stakeholders.
Background
Bindi is currently a Venture Partner at Molten Ventures Plc, a
European Technology Venture Capital Fund, as well as Venture
Partner at Minesfund, a US-based Venture Fund focused on the
advancement of energy. Bindi is also an Advisory Board Member of
CognitionX, Humanity Health and Wrisk Ltd and a World Economic
Forum Member for the Digital Leaders of Europe. Bindi has
previously held a variety of senior technology roles, including as
a Digital Advisory Board member at The Very Group and Centrica, as
well as senior roles at Silicon Valley Bank, Microsoft Ventures and
PwC. Bindi also serves on the University of East London Board of Governors, where she is
also Chair of the Ethics Advisory Committee.
There are no other matters which require disclosure under
Listing Rule 9.6.13R.
For further information contact:
Buchanan
David Rydell/Jamie Hooper/Tilly
Abraham
+44 (0) 207 466 5000
Notes to Editors:
Redde Northgate is the leading integrated mobility solutions
platform providing services across the vehicle lifecycle. The
Company offers integrated mobility solutions to businesses, fleet
operators, insurers, OEMs and other customers across seven key
areas: vehicle rental, vehicle data, accident management, vehicle
repairs, fleet management, service and maintenance, vehicle
ancillary services and vehicle sales.
The Company’s core purpose is to keep its customers mobile,
whether through meeting their regular mobility needs or by
servicing and supporting them when unforeseen events occur. With
its considerable scale and reach, Redde Northgate’s mission is to
offer a market-leading customer proposition and drive enhanced
returns for shareholders by creating value through sustainable
compounding growth. The Group aims to achieve this through
the delivery of its strategic framework of Focus, Drive and
Broaden.
Redde Northgate services its customers through a network and
diversified fleet of over 120,000 owned and leased vehicles,
supporting over 600,000 managed vehicles, with more than 170
workshop, body shop and rental locations across the UK,
Ireland and Spain and a specialist team of over 6,000
automotive services professionals.
Further information please visit the Company's website:
www.reddenorthgate.com