Auto Trader chief executive Trevor Mather is to retire from the online car dealership at the end of March 2020.
Mather joined the company in 2013 and led the company into a £2.3bn flotation on the London Stock Exchange in 2015, the share price has soared to more than 70% to £176.8m
The current chief operating officer, Nathan Coe will take over when Mather retires, Coe joined in 2007.
Auto Traders’ chairman, Ed Williams said, “Trevor has made a phenomenal contribution to Auto Trader’s success over the last six years.
“In addition to leading the hugely successful IPO, he has overseen a period of consistently strong financial results and shareholder returns whilst also working tirelessly to build a unique and values-led culture.
“The fact that we are able to promote from within to replace him, as well as the other senior roles around him, is clear testament to the strength of the team that he has developed and nurtured.”
Mather said, “It has been the greatest privilege of my career to be at the helm of Auto Trader.
“It’s an outstanding business, and I want to thank every one of the wonderful employees who have helped to create the successful company that it is today.
“Nathan has effectively been running the business alongside me since 2017. He is more than ready to lead the company and I am proud and lucky to have worked with him.”