Vertu Motors' chairman designate Peter Jones has increased his shareholding in the publicly listed car dealer group.
Jones bought 200,000 shares at 58p each yesterday, taking his shareholding in Vertu Motors up to 500,000, 0.15% of its total share capital.
At the start of 2015 Jones will become non-executive chairman of the group, which trades under Bristol Street, Macklin, Vertu and Farnell brands.
Current non-executive chairman Paul Williams has announced he will retire at the end of this year.
An award-winning journalist and editor, with two decades of experience covering the motor retail industry, and accredited by the Institute of Leadership and Management (ILM) plus the National Council for the Training of Journalist (NCTJ)
As editor of AM since 2016, Tim is responsible for its media content, planning and production across AM's multiple channels, including the website, digital reports, webinars, social media and the editorial content of AM's events, Automotive Management Live and the AM Awards. His focus is on interviewing senior leaders of franchised dealer groups and motor manufacturer national sales companies to examine latest developments in UK motor retail.
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