AM Online

Search for CEO by UK eco vehicle maker

Eco City Vehicles has begun a search for a new chief executive following a successful share placing.

The publicly-listed company, which builds the low emissions Mercedes-Benz Vito Taxi, has proposed changes to its board in preparation for its next phase of development.

Once a new chief executive has been confirmed current CEO Peter DaCosta will become a non-executive director, while Tim Yeo, who has chaired the company since its 2007 admission to AIM, is stepping down, to be replaced by John Swingewood.

It comes after ECV raised £1.75m in a share placement, which will help to reduce debt and provide working capital.

The Vito Taxi has increased its share of the new London license taxi market to 36% this year.



Click here for talent & people best practice and procurement insight

If you are not a registered user your comment will go to AM for approval before publishing. To avoid this requirement please register or login.

Comment as guest


Login  /  Register

Comments

No comments have been made yet.