A REPLACEMENT for departing Lex Autolease Managing Director Tim Porter has been announced: Richard Jones.

Richard Jones is the current Managing Director of Black Horse. From November 01, 2018, Richard will also assume responsibility for Lex Autolease as both Lloyds Banking Group subsidiaries are combined under a single leadership structure.

Richard’s new title will reflect this structure: Managing Director of Motor and Leasing.

Richard has worked for Lloyds Banking Group for over 20 years, and has a wealth of experience across the bank’s many divisions before moving to Black Horse in 2015.

Since becoming Managing Director of Black Horse, Jones has driven the growth of the motor finance provider. He has invested significantly in dealer training, dealer support and digital and self-serve optionality.

Last year this investment saw Black Horse support more than 350,000 people at 4,500 dealers finance cars, motorbikes, scooters, caravans and motorhomes.

Richard Jones said:

“This is a fantastic opportunity to lead Lex Autolease and Black Horse forward through an exciting period of change in our markets. The success of both businesses is founded on the expertise and the efforts of our colleagues, delivering for our customers through successful partnerships, relationships and stakeholder engagement.

“The automotive industry is going through a period of transformation, and we have an important role to play in helping fleets and individual drivers to get the right vehicle, for the right job with the financial support that best meets their needs.”