Bapcor Limited announced that Chief Executive Officer (CEO), Noel Meehan has been appointed to the Board as CEO and Managing Director of Bapcor effective from 1 September 2022. The terms of Mr. Meehan's employment agreement have been disclosed previously and have not been amended since his appointment as CEO on 8 February 2022. Bapcor, as part of its continued succession planning also announces the retirement of Therese Ryan as an Independent Non-Executive Director effective from 30 September 2022.

Therese was appointed to the Bapcor Board in March 2014, and currently serves as a member of the Audit & Risk Committee and the Nomination, Remuneration & ESG Committee. Given the appointment of Noel Meehan as CEO & Managing Director and the retirement of Therese Ryan, the Board is in the process of further Board succession and is currently undertaking a process to consider additional appointments to the Board of Bapcor in FY23. The Board will work diligently through a structured process to identify Directors with relevant skills and experience to enhance the Board and ensure that Bapcor remains well placed to continue to perform and transform.