MotorCycle Holdings revs up with new board appointments

MotorCycle Holdings has appointed two highly credentialled directors with automotive and retail experience to the board in Martin Ward and Katie McNamara, effective 1 November 2022.

Ward’s most recent role was as CEO of Eagers Automotive and advisor to the board where he was responsible for Eagers’ $470 million portfolio of owned properties, its leased real estate, and strategic investments.

He is also a Director of Australian Automotive Dealer Association Limited and has international executive leadership experience in automotive distribution, retail and services companies across Asia, the Middle East, and Australia.

McNamara brings more than 20 years’ experience in top-tier consulting, retail and FMCG businesses, developing market entry strategies and defining and implementing digital transformation, particularly with a focus on consumer products and retail businesses.

She was previously chief strategy and customer officer for Super Retail Group where she had responsibility for corporate strategy integration and execution, analytics, marketing and customer strategy.

Succession planning for future growth

MotorCycle Holdings (ASX:MTO) chair David Foster said succession planning was a high priority for the board to protect shareholder interests and support the group’s continued growth trajectory – and that Ward and McNamara will “play pivotal roles in helping to shape the Group’s strategy into the future.”

“Martin brings incredibly relevant experience to the Group,” he said.

“With Eagers, he recently led a transformational merger, navigated the COVID-19 pandemic, and steered the company through major structural and cyclical challenges.

“Katie’s consistent customer-first, technology-driven approach, makes her an excellent fit for our organisation as it enters its next phase of growth and digital transformation as an omnichannel retailer.

“Her fresh perspective and executive experience in a leading automotive products, tools and in-car technology company, will ensure our business strengthens its position as the market leader in the motorcycle industry.”

Foster himself will also be retiring from the board and non-executive director Rick Dennis will step into the role of chair, effective 23 December 2022.

In addition, non-executive director Warren Bee will also retire from the Board on 23 December 2022.

This article was developed in collaboration with MotorCycle Holdings Limited, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.