Penny Lancaster-Stewart (born on 15 March 1971) is an English model and photographer. She is probably best known for her modeling work for designer lingerie brand Ultimo. She is married to rock singer Rod Stewart.
Penny Lancaster has a brother named Ben, and a pet dog named Alfie. Lancaster was brought up by parents who were both regular gym-goers and encouraged a love of fitness. At the age of six Lancaster took up dance, learning tap, ballet and modern but decided to quit at the age of 16 due to her height and decided aerobics would better suit her frame. Six years later Lancaster became a certified fitness trainer. It was during this time when she was spotted by a model scout who suggested she should consider a career in modeling. Lancaster also decided to learn about the other side of modeling and began taking photography classes.
In 2002 Lancaster signed up to be the face of designer lingerie brand Ultimo for a reported £200,000. Lancaster was seen to be a success at promoting the brand raising its profile, especially in the UK, but two years later, Lancaster's contract was not renewed. A source for the company stated "Penny has got the company some great publicity in the past year, but we felt we needed someone who has a bigger international profile. Penny is a very sexy girl, but isn't known outside England."