Robert Forrester, CEO of Vertu Motors said:
“David is a key member of the team which has built Vertu Motors from an idea 12 years ago to the reality of being the UK’s sixth largest automotive retailer. David has been instrumental in the operational and strategic development of the Group and the Board will be strengthened by his appointment.”
Vertu Motors plc (LON:VTU), the automotive retailer with a network of 125 sales outlets across the UK, announced the appointment of Mr. David Paul Crane (aged 50), as an Executive Director of the Company with immediate effect.
David joined Vertu Motors at its inception in 2007 and has 25 years of experience in the automotive sector, both with manufacturers and retailers. David is currently the Group’s Chief Operations Officer, having been appointed to this role in 2017. Prior to joining Vertu Motors, David was Commercial Director of Reg Vardy plc. In his position at Vertu Motors, David is responsible for the management and running of the Group’s operations infrastructure, including all of the central aftersales support, IT, purchasing, fleet sales and ancillary business activities as well as two operational franchised dealership divisions.
The following information is disclosed pursuant to Schedule Two paragraph (g) of the AIM Rules for Companies:
David holds 158,397 ordinary shares of 10p each in the Group (“Ordinary Shares”) and 760,000 share options over Ordinary Shares. As part of the Group’s long-term incentive plan (“LTIP”), David has been granted 222,331 share options over Ordinary Shares, which have not yet vested and remain subject to certain performance criteria and 53,583 share options over Ordinary Shares which have vested but not yet been exercised.