Steve Maltby, managing director of Paragon Fleet Solutions, has announced his intention to retire by 2013.

In order to ensure a smooth transition for the business, Andrew Hetzel, currently Paragon’s group finance director, will take over from Maltby, effective from April 1 this year.

Maltby will remain on the Paragon board until his retirement to lead Paragon Remarketing, providing strategic direction and overseeing the day to day management of the business.

Paragon Group is currently recruiting a new group financial director.

Paragon is a fleet vehicle processing and captive fleet management company, providing an integral part of sales support to many vehicle manufacturers and fleet operators.