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Black Horse MD retires

Phil Stones has taken early retirement as managing director of Black Horse Motor and Leisure Finance, after a mild heart attack last year.

John Davies, managing director Lloyds TSB Asset Finance Division, said: “Whilst I’m pleased to say that Phil has made a very good recovery and is very much on the mend, he has decided to enjoy an early retirement with his wife Christine.”

Stones started his career in the motor industry with Forward Trust Group as a new business representative in Lincoln. He joined Chartered Trust as executive director of the motor & leisure division, before taking on his present role in 2000.

Stones’ replacement will be announced within this week.

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