Search
Close this search box.
Sign up for our weekly Newsletter

Lex Autolease and Black Horse to be run under new MD Richard Jones

Lloyds Banking Group has announced a new Managing Director of Motor and Leasing, who will be responsible for both Lex Autolease and Black Horse
Richard Jones to head up Lex Autolease
Richard Jones, Lex Autolease

Share

October 4, 2018

THE Black Horse and Lex Autolease divisions of Lloyds Banking Group will run under a single combined leadership structure from November 01, 2018.

The replacement for current Lex Autolease MD Tim Porter – having announced his retirement – will be Richard Jones. Richard is the current Managing Director of Black Horse.

Under the new single leadership structure, Richard Jones will become Managing Director of Motor and Leasing.

Jones has worked for Lloyds Banking Group for over 20 years. He has held senior positions within the insurance division, specialising in annuities, protection propositions and bancassurance before moving to Black Horse in 2015.

Since becoming Managing Director of Black Horse, Jones has driven the growth of the motor finance provider through investing 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.”

In August Tim Porter, Managing Director of Lex Autolease, announced his plans to retire and the coming weeks will see Jones work closely with Porter to ensure a smooth transition.

Thinking of the switch to electric?

Need help in finding the right electric vehicle for you? Compare driving range, battery capacity, charging time, price, and features to find the perfect EV for you.

Got a spare 30 seconds?

 Help us to provide you with better market insight by completing a very short survey. It is anonymous and only takes 30 seconds. You will get free access to the quarterly results.

Share this article

Facebook
Twitter
LinkedIn
WhatsApp
Reddit
Email

Want more motoring news?

Sign up here for our free weekly serving of motoring.

Sign up here for our free weekly serving of motoring.

Latest news

Scroll to Top