Global Remarketing has appointed Stuart Faid as managing director following the departure of Jim Kerr.

Faid will be responsible for making sure the firm remains one of Europe's largest remarketing operations while developing cross-country links to create new business.

He joins from DaimlerChrysler UK, where he was wholesale operations manager responsible for the resale of up to 15,000 vehicles a year, including the Mercedes-Benz, Jeep and Smart brands.

Faid has a wide range of experience in the remarketing sector, including managing residual values and liaising with industry logistic suppliers. He spent seven years with the Volkswagen Group in used car sales and marketing roles.