Error parsing XSLT file: \xslt\FacebookOpenGraph.xslt New leadership for Lex Autolease
Cookies on Businesscar

We use cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we will assume that you are happy to receive all cookies on the Business Car website. However, if you would like to, you can change your cookies at any time

BusinessCar magazine website email Awards mobile

The start point for the best source of fleet information

New leadership for Lex Autolease

Date: 02 October 2018   |   Author: Sean Keywood

Lloyds Banking Group has named a new managing director of motor and leasing, whose responsibilities will include running Lex Autolease.

In a new combined leadership structure, Richard Jones will assume responsibility for Lex - the UK's biggest leasing company - while continuing to run motor finance provider Black Horse, where he currently serves as managing director.

Jones has worked for Lloyds - which owns Lex and Black Horse - for more than 20 years, and held senior positions within its insurance division before moving to Black Horse in 2015. 

Since becoming its managing director, he is said to have driven the growth of Black Horse through investing significantly in dealer training, dealer support and digital and self-serve optionality. 

Lex's current managing director, Tim Porter, announced in August that he planned to retire, and the coming weeks will see Jones working closely with Porter to ensure a smooth transition.

Jones's new role begins on 1 November. 

He 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 get the right vehicle for the right job, with the financial support that best meets their needs."