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New boss for GRS

Date: 23 February 2010

Fleet remarketing operation GRS has appointed Theo Kortland as its managing director.

He took up the position at the start of the year and will report to ex-MD Kerry Finnon, who is now chief executive of Greenhous Remarketing, which has interests in vehicle dealerships and accident management, and enjoys an annual £700m turnover.

Kortland said that despite enduring tough trading conditions over the past year and a half, the GRS operation had "performed extremely well".

Currently 10% of GRS's business comes from the fleet leasing business, but the firm is targeting