Pendragon (GB:PINE) has released an update.
Pinewood Technologies Group PLC has announced that, following a significant repositioning of the company to focus on Software-as-a-Service, Ian Filby will continue as Non-Executive Chairman. This decision comes after Pendragon PLC sold its UK Motor and Leasing operations to Lithia Motors Inc, and the Nomination Committee’s extensive search for candidates. The appointment is aimed at providing stability and continuity as Pinewood pursues growth opportunities in its market.
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