The death of Hugh Wallace, managing director of Arnold Clark Finance, has been announced.
He died on Tuesday, May 19 peacefully while on a charity walk in Spain.
A statement from Arnold Clark reads: “Hugh, who was with the group for more than 40 years, was an incredibly well respected member of the automobile industry and a key figure within Arnold Clark.
“His passion and dedication extended far beyond the automobile industry, touching many, from the charitable organisations he supported to the wider sporting community.
“This is a tragic loss and we offer his family our deepest sympathy. We hope they are able to grieve in privacy during this difficult time.”
Details of his funeral arrangements to follow.