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UK: Lotus CEO steps down

15 July 2009 | Source: just-auto.com editorial team

The Chief Executive of Group Lotus, Mike Kimberley, announced today that he is stepping down from his role due to an ongoing back problem.

An Executive Committee comprising current Group Lotus board members supported by the shareholder, Proton Holdings Bhd, will assume day-to-day control of the business until a successor is appointed.

Lotus said that Kimberley, who will be 71 in August, has been suffering from severe back pain for a number of months and underwent surgery in late 2008 which was only partially successful. His doctors have now advised him to retire so as not to jeopardise his long term health. Under these circumstances, the board has regretfully accepted his resignation.

Dato' Syed Zainal, Managing Director of Proton Holdings Bhd, said: "It is a great shame that Mike's health has forced his departure earlier than any of us would have liked. He has been a great asset to Lotus over four decades. Since his return in 2006, we have seen a huge turnaround in the fortunes of this great company. He leaves Lotus with our deep gratitude and our very best wishes for his retirement."

Mike Kimberley said: "Sadly, it is on doctor's orders that I am stepping down but I will leave confident that Lotus is in great shape with a strong management team fully supported by our shareholder in Malaysia. It'll be very hard to leave knowing that there are such exciting times ahead but I'll take with me many very happy memories. I want to extend my thanks to the company's shareholder for their unfailing support, my management team and the wonderful staff both at Hethel and at our various operational locations throughout the world. Most of all I want to thank our Lotus customers and loyal fans worldwide for their support over the years."

See also: Interview with Mike Kimberley (2007)
 
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