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LONDON - Pinewood Technologies Group PLC disclosed today that Nikki Flanders will not seek re-election and will step down from the Board on June 4, 2025. Flanders, who has been serving as the Chair of the Environmental, Social, and Governance (ESG) Committee, will see her duties temporarily distributed among the remaining Board members while the search for a new independent Non-Executive Director is underway.
Ian Filby, the Chairman of Pinewood Technologies, expressed gratitude for Flanders’ contributions, particularly highlighting her leadership in advancing the company’s sustainability initiatives. "I would like to thank Nikki for her outstanding commitment and invaluable contribution to the Board and its Committees over a number of years," said Filby.
Flanders reflected positively on her tenure with the company, noting the sale of the Pendragon (LON:PINE) motor vehicle business to Lithia Motors (NYSE:LAD), Inc., and the strategic development of Pinewood AI. "As I extend my executive responsibilities, now is the right time for me to step down," Flanders stated, wishing success to the Pinewood team.
The Company has not announced any potential candidates for the position but is focused on maintaining the Board’s established structure. The search for a suitable replacement is ongoing, and further announcements will be made in due course.
This board composition update is based on a press release statement from Pinewood Technologies Group PLC.
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