Marshall chief finance office to step down from group

Mark Raban, chief financial officer of Marshall Motor Holdings, is to step down from his position.

Marshall has started looking for a replacement and Raban will remain with the company until an appointment is made.

Raban joined Marshall in 2014 and played a key role in the company’s stock market flotation.

He has 15 years’ experience at CFO and FD level and has worked in the retail sector with Selfridges and the US firm Borders and in automotive retailing he served a seven year stint with Inchcape Retail.

Marshall said further information on the terms and timing of his departure will be provided in due course.

Raban said: “It has been a great pleasure and privilege to be involved in the group’s recent transformational development.

The group remains very well positioned for the next strategic growth phase, underpinned by a strong balance sheet. From a personal perspective, I feel the time is now right for me to explore new opportunities.

“I would like to thank both the Board and entire MMH team for their support and I wish them well for the future.”

Peter Johnson, chairman, said: “On behalf of the board, I would like to thank Mark for his valuable contribution to the success of the group over the past four years. We will be sorry to see Mark leave but we wish him well for the future.”

Daksh Gupta, chief executive officer, said: “I would like to personally thank Mark for his support and being an invaluable part of the management team since 2014. I wish him all the very best for the future.”