PENSKE APPOINTS NEW NZ DIRECTOR

Jim Livermore has taken over as director of Penske New Zealand as of today following a promotion from chief operating officer of Penske Power Systems.

With significant growth in both the Penske Power Systems and Penske Commercial Vehicles businesses in New Zealand over the last four years, Mr Livermore will assume overall responsibility for both businesses ensuring full integration of services.

According to president of Penske Transportation Group International, Randall Seymore, Livermore has proven he understands the relationship between Penske’s business in NZ.

“Jim has an extremely strong background in operational management and business development, as
well as being a seasoned leader,” Seymore said.

“He has a great understanding of the on‐ and off‐highway markets which will enable him to identify
and maximise the synergies between the Commercial Vehicles and Power Systems businesses.

“Our growth in New Zealand has been very encouraging to date and Jim will oversee the continued
development of the operations as well as ensuring we are delivering world‐class service and
efficiency for our customers.”

Livermore will have the support of Penske Commercial Vehicles’ John Keenan and Penske Power Systems’ Clinton Davies.