THE biggest supplier of business car leasing services in the UK – Lex Autolease – has a new managing director.

Tim Porter has been appointed managing director and takes over from Rick Francis at the end of June.

The appointment of Porter is likely to be good news for Lex Autolease’s involvement in the SME sector through its support of independent small fleet leasing companies that service the small and medium sized enterprise market.

Tim’s previous appointment was at parent company Lloyds Banking Group, where he was Commercial Director at Lloyds Bank’s small and medium sized (SME) operations in England, Scotland and Wales.

Tim brings with him 14 years’ experience at Lloyds and 20 in business in finance. A chartered banker, Tim is also an MBA graduate. Tim commented on his appointment:

“The opportunity to lead the UK’s largest fleet management provider is very exciting.  Lex Autolease has a great proposition and strong foundations as the clear market leader in this sector.  I’m looking forward to bringing my skills and experience to the company and to working alongside a talented leadership team.”   

Former MD Rick Francis is leaving Lex Autolease to pursue a career outside the leasing industry.

Rick took over from Nigel Stead following the integration of the Lex and Lloyds Autolease leasing companies. See the business car news story Lloyds and Lex combine to form Lex Autolease.