KRT in management buy out
Three members of the board of KRT have completed a management buy-out of the group – UK & Ireland (financed by GE Capital). The new company – Kings Road Tyres Group Ltd will be led by Adrian Bader (managing director), Mark Cooper (commercial director) and Simon Lister (financial director). Bader told Tyres & Accessories that the transition of company ownership is proceeding “seamlessly”, since “most of the people that were running the company before will be running the new company”.
Former group chairman – Peter Gaster, after nearly 40 years with the company, will remain on the board as non-executive chairman holding a minority shareholding.
John Lederhose (former FD) will retain a place on the board as a non-executive director. Bader said that he would like to thank John and Peter for all their effort over the past few decades, in bringing the KRT Group to the successful position it is in now. Tyres & Accessories will continue to follow this story as it develops.
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