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    INCH   GB00B61TVQ02

INCHCAPE PLC

(INCH)
  Report
Real-time Estimate Cboe Europe  -  05:20:00 2023-02-06 am EST
923.00 GBX   -0.86%
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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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

UK car distributor Inchcape's finance boss steps down

11/28/2022 | 02:54am EST

(Reuters) - British car distributor Inchcape said on Monday finance chief Gijsbert de Zoeten was stepping down after a "lapse in judgement" that involved behaviour the company said fell short of standards expected of its executives.

Inchcape, which appointed insider Adrian Lewis as acting group chief financial officer while it looks for a permanent replacement, said Zoeten's departure was not related to the firm's financial performance or strategy.

The company said Zoeten resigned voluntarily after the incident where "he displayed personal behaviour falling short of the high standards expected of the leadership of the group."

Inchcape declined to elaborate on the circumstances. Zoeten did not immediately respond to a request for comment sent on the networking platform LinkedIn.

The Dutch businessman, who is in his mid-fifties, joined Inchcape in 2019. Before joining, he had previously worked for 27 years at consumer goods giant Unilever.

(Reporting by Pushkala Aripaka, Yadarisa Shabong and Aby Jose Koilparambil in Bengaluru)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
INCHCAPE PLC -0.75% 923.5 Delayed Quote.13.54%
UNILEVER PLC 0.07% 4176.5 Delayed Quote.-0.26%
All news about INCHCAPE PLC
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
01/17Ocado Consensus Estimates Might Drop After Update
DJ
01/17Inchcape buys controlling stake in Philippines auto distributor Cats
AN
01/17Inchcape to Buy 60% Stake in Philippines-based Luxury Car Distributor CATS
MT
01/17Inchcape plc Enters into a Joint Venture with CATS Group of Companies
CI
01/17Inchcape plc agreed to acquire 60% stake in CATS Motors Inc.
CI
01/10Jefferies likes Inchcape; HSBC cuts Clarkson
AN
01/09Peel Hunt raises real estate; UBS cuts Ashmore
AN
More news
Analyst Recommendations on INCHCAPE PLC
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Financials
Sales 2022 7 962 M 9 630 M 9 630 M
Net income 2022 125 M 151 M 151 M
Net Debt 2022 749 M 906 M 906 M
P/E ratio 2022 15,7x
Yield 2022 3,02%
Capitalization 3 842 M 4 647 M 4 647 M
EV / Sales 2022 0,58x
EV / Sales 2023 0,42x
Nbr of Employees 14 500
Free-Float 86,6%
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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 931,00 GBX
Average target price 1 153,57 GBX
Spread / Average Target 23,9%
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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