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RPM Automotive Group co-founder and MD buys shares on-market, new director appointed

RPM Group owns a number of businesses and brands involved in the automotive aftermarket in Australia.

RPM Automotive Group Ltd - RPM Automotive Group co-founder and MD buys shares on-market
Brands include RPM, Carline, Genie Headers, Air Anywhere, Formula Off-Road and Competition Tyres

RPM Automotive Group Ltd (ASX:RPM) managing director Clive Finkelstein has purchased 24,700 company shares through on-market trades.

The $3,851 purchase increase Finkelstein’s overall holding to 41.31 million shares.

He is a co-founder of the RPM Group and has over 20 years’ experience in the automotive sector, having built, managed and sold a number of automotive companies including a parts and accessories manufacturer and wholesaler and a 4WD franchise group.

Grant Carman to replace Scott Brown on board

Furthermore, today chartered accountant and corporate financier Grant Carman has accepted an invitation to join the board.

Carman has a broad range of experience including corporate strategy, M&A, debt & equity raising and refinancing, corporate valuations, corporate governance and risk management.

His previous roles include CFO for ORIX Australia, General Manager Finance & Shared Services at National Australia Bank (ASX:NAB), CEO of National Australia Corporate Advisory, and Director of Acquisitions at Ferrier Hodgson.

Clive Finkelstein commented: "We are delighted to welcome Grant to the RPM team, his experience and understanding of the automotive sector and our business strategy within it will help immeasurably to achieve our goals.

"His appointment is an important next step in RPM’s growth.”

Carman will replace outgoing non-executive director Scott Brown.

Proactive talks to RPM in the studio

Proactive caught up with the company for an overview of their business earlier this month.

Quick facts: RPM Automotive Group Ltd

Price: 0.135 AUD

ASX:RPM
Market: ASX
Market Cap: $12.17 m
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Full interview: RPM Automotive announces key appointments and growth...

RPM Automotive Group Ltd (ASX:RPM) managing director Clive Finkelstein and newly appointed non-executive director Alex Goodman update Proactive on a number of key appointments to the board since the company listed on the ASX late year. The MD spoke about the key successes and challenges...

on 26/2/20

2 min read