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Vertu Motors appoints new Strategy Development Director

Vertu Motors appoints new Strategy Development Director

National motor retailer, Vertu Motors plc, has announced the appointment of Martin Wastie as its Strategy Development Director.

The fast growing automotive retailer, with a network of 119 outlets across the UK, has welcomed Martin to the Group. Martin has an extensive knowledge of the motor industry and was, until recently, Finance Director of the Marshall Motor Group, where he oversaw four years of continuous growth.

A chartered accountant, Martin has significant experience within the motor retail industry having previously held positions at Volkswagen Group UK and Inchcape, an international automotive distributor and retailer.

As part of Martin's role as Strategy Development Director, he will manage the acquisition pipeline, review developmental opportunities for the existing network and work to develop other non-core elements of the business. Prior to joining the business on a permanent basis in November, Martin had already worked with Gateshead-based Vertu Motors on a number of projects, including the £12.8 million acquisition of South Hereford Garages in October.

Martin Wastie said: "I am exceptionally pleased to be joining Vertu Motors at such an exciting time for the business. Its consistent growth over the last few years has been fantastic and the future looks equally as bright. I'm looking forward to using my skills and experience in the motor industry to help the Group evaluate further opportunities to expand and grow."

Robert Forrester, Chief Executive of Vertu Motors plc, said: "I am delighted to welcome an individual who has achieved the level of success in business that Martin has. "Martin has a wealth of experience as a director. He knows the business and the sector exceptionally well and I'm sure he will be an invaluable asset to Vertu Motors as we continue to grow and develop."

by: Vertu Editorial

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