Independent fleet funding and management
company Zenith Provecta has promoted Tim Buchan to chief executive
officer as part of a management reshuffle.
The company has made a total of four new
appointments to strengthen its senior management team, following
the sale of a 60% stake to Morgan Stanley Private Equity (MSPE) in
August.
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Andrew Cope, who helped to set up the company
21 years ago, has moved up to executive chairman, and Ian Hughes,
formerly of Citroen, has been appointed to the role of commercial
director.
Ben Creswick, previously Zenith Provecta head
of business development, has joined the board as business
development director. Creswick started at Zenith as a sales and
account executive and has also been business development manager
for the north.
Cope said: “The Morgan Stanley deal is now
complete and the new management structure will enable the company
to continue to grow while maintaining our focus on providing
excellent customer service as a leading fleet funding and
consultancy company.”
Cope was promoted to managing director in 1998
and has guided four management buy-outs, as well as leading the
acquisition of Provecta Car Plan in May 2008. Buchan, who was a
sales and marketing director for five years, earlier held customer
management roles at LeasePlan, and was a consultant to the motor
industry.
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