Richard Blumberger leaves Marshall
09 January 2023
Marshall Motor Group CFO Richard Blumberger has left the business, Auto Retail Agenda understands. He is listed as resigning from both roles on 31 December 2022 at Companies House. Auto Retail Agenda also understands that several other Marshall directors have tendered their resignations but have yet to leave their roles.
Blumberger was appointed by Daksh Gupta and the Marshall board in 2018, replacing Mark Raban (who moved to Lookers as CEO) in January 2019.
Blumberger exercised almost 400,000 share options when Constellation’s 400p a share bid for Marshall was accepted in May 2022. He is still listed as CFO for Marshall on LinkedIn and no details of his next role have been revealed. Auto Retail Agenda has contacted Blumberger for comment, but has yet to receive a response.
Auto Retail Agenda sources have indicated Blumberger has taken a job outside auto retail.
Motorline results to March 2022, signed off by Blumberger in December, have also been released. They are for a 15-month period after the business changed its accounting reference date following the Marshall takeover in October 2021.
Turnover grew from £276m to £493m, and profit before tax grew from £2.8m to £5.3m.
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