August 21, 2019 / 6:53 AM / 2 months ago

UPDATE 1-Inchcape names former Unilever executive as finance chief

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Aug 21 (Reuters) - Car dealership chain Inchcape Plc on Wednesday named Unilever veteran and former finance chief of Dutch car leasing company LeasePlan Corporation NV Gijsbert de Zoeten as chief financial officer in place of Richard Howes.

Zoeten, who spent 27 years at Unilever, will assume the role on Sept.1 as Howe moves on to become the finance chief at business supplies distributor Bunzl.

“We think that the timely appointment of a high calibre CFO with global B2B (business-to-business) and B2C (business-to-consumer) experience removes any concern around transition,” Jefferies analysts said, calling Zoeten an excellent fit.

His appointment comes months after Inchcape said it expects its half-year profit to be hurt by supply constraint hurdles in Australia and Ethiopia. At LeasePlan Corporation, which was sold by Volkswagen in 2015, Zoeten was CFO until late last year when the company shelved its IPO plans.

Reporting by Tanishaa Nadkar in Bengaluru; Editing by Arun Koyyur

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