Peter Warren Automotive Holdings (ASX: PWR) has appointed Mr Andrew Doyle as the new chief executive officer of the car sales company.
Mr Doyle will commence in the role no later than November 2024 after returning to Australia from the UK.
His appointment comes a week after the second largest car dealership on the ASX, with 80 outlets in the eastern states, warned that profits would not meet expectations and that figures could slump by as much as 20% this year.
Mr Doyle takes the wheel with more than 30 years of automotive experience in Australia and overseas, including most recently as Managing Director of Audi UK for 7 years, Managing Director of Audi Australia for 4 years and Managing Director of Audi Ireland, 3 years.
Peter Warren said Mr Doyle’s extensive experience in motoring is supplemented by his retail knowledge including his oversight of the largest Audi dealership in Australia. He commenced his career with BMW Australia and BMW Canada and holds both a degree in Social Science and Economics from Melbourne University and a post-graduate degree in Marketing from Monash University.
Mark Weaver will step down from the role of Chief Executive Officer at the end of the financial year and Paul Warren will be appointed as Interim Chief Executive Officer until Andrew Doyle commences.
John Ingram, Peter Warren Chairman said. “The Board is delighted to appoint a person of Andrew’s calibre. Andrew is known in Australia as a trusted, respected and experienced automotive Chief Executive. The board is confident that he is the right person to lead our people and build upon the growth that the business has achieved to date. On behalf of the Board, we welcome Andrew and look forward to working with him”.
Mr Doyle said “I am very excited to take up the leadership of Peter Warren as it continues its growth path at an exciting time for the industry. From a distance, I have admired the group’s achievements and I am enthusiastic to build on those. I will be re-locating back to Australia with my family and I look forward to meeting and working with the talented team who have achieved so much”.
PWR was trading flat at $10.96.