Media Release - 12 March, 2002

Premier Automotive Group
- PERSONNEL ANNOUNCEMENT -

Premier Automotive Group announced today that Russell Reynolds is returning to the country to take up a position as Director of the Premier Automotive Group, New Zealand.

The Premier Automotive Group is the collection of marques owned and administered by the Ford Motor Company.

Russell's career in the automotive industry spans almost 40 years, and manufacturers that he has worked for include Nissan, BMW and Jaguar.

His association with Jaguar began in 1985, when Russell established Jaguar New Zealand. Since that time, he became Managing Director of Jaguar Australia, and then in 1996 President of Jaguar Canada – a position that he currently holds.

In his new role as the New Zealand Director, Russell will be responsible for the development of a strategic business plan in order to optimise the Premier Automotive Group business in New Zealand.

Russell Reynold's appointment is effective from the 2nd of April, 2002.