Alan Ferguson, group finance director, says: "I have enormous respect for the Inchcape management team and the inherent quality of its businesses.
"It is a company with considerable potential. After twenty-two fulfilling years including six on the board, it will be a wrench to move on. However the role of finance director at a company such as BOC represents a rare career opportunity, and one that I am greatly looking forward to taking up."
Inchcape has yet to appoint a Ferguson’s successor.