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    INCH   GB00B61TVQ02

INCHCAPE PLC

(INCH)
  Report
Real-time Estimate Cboe Europe  -  08:13:24 2023-02-09 am EST
919.25 GBX   -0.08%
01/19Inchcape plc Announces Board and Committee Changes with Effect from 18 May 2023
CI
01/17Companies sell their businesses in Russia
RE
01/17FTSE 100 Closes Down 0.1% Amid AstraZeneca, Unilever Weakness
DJ
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TOP NEWS: Inchcape CFO De Zoeten resigns after "lapse in judgement"

11/28/2022 | 04:14am EST

(Alliance News) - Inchcape PLC on Monday said Chief Financial Officer Gijsbert de Zoeten is standing down from the board and his role with immediate effect.

The auto distribution, retail and services company explained that De Zoeten "voluntarily tendered his resignation" following an incident in which "through a lapse in judgement, he displayed personal behaviour falling short of the high standards expected of the leadership."

De Zoeten had been CFO of the company since September 2019.

Adrian Lewis, Inchcapes's financial controller, has been appointing as acting CFO. The process to find a permanent successor has begun.

The company noted that Zoeten's departure is not linked to the financial performance of Inchcape, its strategic direction or the Derco acquisition.

In October, Inchcape said it expects its GBP1.3 billion acquisition of automotive distributor Derco to complete at the end of 2022 or in the first quarter of 2023.

Inchcape shares were 1.9% lower at 862.50 pence each in London on Monday morning.

By Tom Budszus; tombudszus@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

All news about INCHCAPE PLC
01/19Inchcape plc Announces Board and Committee Changes with Effect from 18 May 2023
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01/17Companies sell their businesses in Russia
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01/17Inchcape buys controlling stake in Philippines auto distributor Cats
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01/17Inchcape plc Enters into a Joint Venture with CATS Group of Companies
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Analyst Recommendations on INCHCAPE PLC
More recommendations
Financials
Sales 2022 7 962 M 9 609 M 9 609 M
Net income 2022 125 M 150 M 150 M
Net Debt 2022 749 M 904 M 904 M
P/E ratio 2022 15,5x
Yield 2022 3,06%
Capitalization 3 796 M 4 582 M 4 582 M
EV / Sales 2022 0,57x
EV / Sales 2023 0,42x
Nbr of Employees 14 500
Free-Float 86,6%
Chart INCHCAPE PLC
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Inchcape plc Technical Analysis Chart | MarketScreener
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Technical analysis trends INCHCAPE PLC
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 7
Last Close Price 920,00 GBX
Average target price 1 153,57 GBX
Spread / Average Target 25,4%
EPS Revisions
Managers and Directors
Duncan Andrew Tait Chief Executive Officer & Executive Director
Adrian John Lewis CFO & Group Financial Controller
Nigel Macrae Stein Chairman
John Langston Independent Non-Executive Director
Jeremy Martin Buhlmann Senior Independent Non-Executive Director
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