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iVendi creates new business units and appoints country directors

Alvaro Montero

The UK motor finance software firm iVendi has created new business units and has appointed new country directors in France and Spain as it expands overseas.

Nicolas Lacker-Stuhl has become country director in France. He has held the same role in France and Benelux for ViveLaCar, been a car subscription expert for NLS Consulting, and held various roles for BMW Group, including business development manager for Asia Pacific and Africa.

Alvaro Montero becomes country director in Spain. Previously, Montero was country manager for Cox Automotive's Modix International business, marketing manager at PagaTodo, chief executive and partner at NiquelChrome Digital Marketing and MBA professor at IE Business School in Madrid.

Darren Sinclair, chief commercial officer (CCO) at iVendi, said: “Establishing these business units and appointing country directors in France and Spain are important staging posts in our international expansion plans.

“Nicolas and Alvaro are both highly capable and experienced and will enable us to support our partners and clients using their extensive knowledge of automotive retail and finance, as well as promoting our market-leading technology and digital solutions.

“Motor manufacturers, lenders, digital marketplaces and dealers are all keen to put in place connected retail solutions to meet changing consumer demands and iVendi is in a strong position to support and deliver their ambitions and consumer expectations.”

iVendi recently won the Best Technology Partner Award at the Car Finance Awards.

The technology company also recently said that candid online used car and van descriptions that highlight scratches, dents and other minor damage are a key lesson from digital disruptors.

Last month, iVendi, which is headed by chief executive James Tew, outlined a five point plan to help dealers maximise their online presence as the used car market begins to lose growth momentum.

In March, the company promoted five staff members to newly-created VP positions as part of its growth strategy.

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