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Auto Trader General Manager Trevor Mather will retire from the leading role at the online car dealership months after driving him to the FTSE 100.
Mr. Mather, who joined the group as CEO in 2013, led the group's 2015 London IPO for £ 2.3 billion. It has allowed its action to increase by more than 70% over the past year.
He announced his intention to retire by the end of March 2020.
The company has welcomed a "record growth" for the six months ended September 2018, as revenues jumped 7% to 176.8 million pounds sterling.
Nathan Coe, currently the company's chief operating officer and chief financial officer, will take over at the helm of Mr. Mather's retirement and have been appointed interim CEO.
Mr. Coe joined the company in 2007 and was part of his transition from a magazine company to a purely digital company.
Ed Williams, Chairman of the Board, said, "Trevor has made a phenomenal contribution to Auto Trader's success over the past six years.
"In addition to leading the highly successful IPO, he oversaw a period of consistently strong financial results and shareholder returns, while working tirelessly to create a unique and focused culture. values.
"The fact that we can promote the interior to replace him, as well as for the other main roles around him, clearly demonstrates the strength of the team that he has developed and nurtured. . "
Mr. Mather said, "This was the biggest privilege of my career to be at the helm of Auto Trader.
"This is an exceptional event and I want to thank each and every one of the wonderful employees who helped create the successful company it is today.
"Nathan actually runs the business with me since 2017. He is more than ready to lead the business and I am proud and lucky to have worked with him."
The current director of operations, Catherine Faiers, will be promoted to the position of chief operating officer and will join the board of directors from the beginning of next month.
Ms. Faiers joined the company in 2017 after working as a COO with high-end taxicab company Addison Lee. She is responsible for the daily activities of the company.
Press Association
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