New boss at Lotus
11 May 2006

Lotus is to have a new boss with immediate effect, after current chief Kim Ogaard-Nielsen decided to step down to focus on other business interests.

The new CEO will be Mike Kimberley, who has previously held the positions of Managing Director of Lotus Cars (1976 to 1983) and CEO of Group Lotus Plc (1983 to 1991). He has more recently worked with General Motors and Lamborghini.

Kimberley commented: 'All specialist sports car companies operate in volatile and highly competitive markets. However, sales of the Elise are moving ahead in the USA and are being further enhanced by the new introduction of the Exige model. I can assure our customers, business partners and all who watch this iconic marque with interest, that Lotus is a highly valued and integral part of the Proton Group.'

A prepared statement said that Lotus's owner Proton 'strongly believes that Lotus has a critical role to play in the Proton Group to enable it to become a successful automotive engineering and manufacturing group and a prominent brand globally. Hence Proton will continue to provide strong support to Lotus and its group of companies.'

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