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Vertu Motors appoints non-executive director

Vertu Motors has appointed ex-Lex Autolease chief executive Nigel Stead as an independent non-executive director with immediate effect.

Stead has also been a non-executive director of Motability Operations Group and Universal Salvage. He is also a director of the British Vehicle Rental and Leasing Association and a non-executive director of Prohire and Merrion Fleet Management.

Paul Williams, non-executive chairman of Vertu Motors, said: "Nigel brings with him vast motor sector experience which will be invaluable to the group as we continue to grow, both organically and through acquisition.

“Corporate governance is very important to the group and we feel that, as we develop, our board needs to have the right mix of skills, experience and independence."

Vertu has a network of 82 sales and aftersales outlets across the UK.

Stead said: "I am pleased to be joining the board of Vertu Motors having admired its consistent growth record over the last five years.

“I intend to utilise my skills and experience in the motor industry to help the Group to evaluate opportunities as it continues to expand and grow.”

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  • Irishboy4 - 08/12/2011 18:14

    Er so Mr Stead it's nothing to do with your contacts at Lex Vehicle Leasing, which may influence a large multi franchised dealer group opportunities with vehicle supply to Lex?