Auto Trader adds mobile industry veteran to board

Auto Trader welcomed a mobile industry stalwart on Thursday, announcing the appointment of Jeni Mundy as an independent non-executive director and member of the Audit, Remuneration and Nomination Committee from 1 March.

The FTSE 250 company said Mundy was currently the enterprise product management director for Vodafone, responsible for the strategy, delivery and life cycle management of the telco's product portfolio worldwide.

Mundy began her career as a radio engineer with mobile network BellSouth in New Zealand, before joining Vodafone when it acquired BellSouth in 1998. Her time with Vodafone included five years as chief technology officer in New Zealand, five years as CTO in the UK, and a year leading the Northern Europe sales team.

"I am excited to be joining Auto Trader, a company that has shown real digital innovation over a sustained period of time, and look forward to working with the team to help guide the company through its next phase of growth," said Mundy.

Following her appointment, the board would comprise four independent non-executive directors, two non-executive directors, two executive directors and the non-executive chairman.

"Jeni's strong technology background will be a welcome addition to the Board, and we are looking forward to benefitting from her extensive experience as we continue on our mission to lead the UK's digital automotive marketplace," said Auto Trader chairman Ed Williams.

Also on Thursday, Auto Trader applied to the Financial Conduct Authority and the London Stock Exchange for the admission of 400,000 ordinary shares of 1p each be admitted to the Official List.

They were being reserved under a block listing, and would be issued as part of the award of shares pursuant to the group's Savings Related Share Option plans in the UK and Ireland.

Admission was expected to be granted on 19 February, with trading commencing on 22 February.