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May 1, 2008updated 12 Apr 2017 4:49pm

Leaseurope’s new chairman sets out change agenda

Leaseuropes new chairman sets out change agenda The new Leaseurope chairman, John Bennett, managing director of global vendor finance at Bank of America, has announced the promotion of the leasing and automotive rental industries as major contributors to the European economy as his key priority during his four-year mandate

By Katherine Gregory

Leaseurope’s new chairman sets out change agenda

The new Leaseurope chairman, John Bennett, managing director of global vendor finance at Bank of America, has announced “the promotion of the leasing and automotive rental industries as major contributors to the European economy” as his key priority during his four-year mandate.   Bennett, who was vice-president of Leaseurope last year, has just replaced John-Marc Mignerey, CEO of SG Equipment Finance, as chairman.   Bennett also said he will “continue Leaseurope’s efforts to preserve the integrity of leasing and automotive rental activities in exchanges with the EU, the International Accounting Standards Board (IASB), the Committee of European Banking Supervisors (CEBS), and other international institutions”.

He added: “Through real team work and a reinforced cooperation with our member national associations, I am confident that we will remain the best interlocutor of the industries we represent on the European scene.”   With 48 member associations, including recent affiliate Ecatra, Leaseurope is enjoying united representation of the leasing and automotive rental sectors across Europe. In 2006 its leasing members accounted for 92 per cent of the European leasing market and financed over €297.5bn in new investments in vehicles, equipment and real estate. It now represents about 8,000 companies and 200,000 staff.

Bennett has over 25 years of experience in key leasing market sectors and is a board member of the UK’s Finance & Leasing Association.

He received acclamation at the Leaseurope General Assembly last week following the announcement of his new role. 

“With the many challenges ahead, I know that we can rely on the strong support and dynamism of Leaseurope’s Committees, the board and a re-energized Leaseurope Secretariat in Brussels to get things done,” Bennett said.

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