Societe General Equipment Finance (SGEF) has made a raft of planned senior management changes in its business following change at the top.
SGEF said Giles Turner, managing director for the UK and head of Western Europe, will be leaving at the end of January 2019. After more than 20 years’ service dedicated to helping SGEF grow into a major force in the UK and Europe, the lessor said Turner was going to pursue some long-postponed personal objectives.
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John Rees, SGEF’s chief commercial officer, will add the leadership of Western Europe to his remit. Florence Roussel Pollet has been appointed as deputy chief commercial officer to strengthen the International commercial management team.
The current UK directors David Yates-Mercer and Dominic Hughes will take on joint responsibility for leading SGEF UK as co-chief executives.
SGEF said the management changes had been planned for some time and had been made to ensure SGEF’s plans to increase its capabilities in the delivery of vendor and equipment finance will be executed in a fast-changing business environment.
A release from the business said that SGEF in the UK and Western Europe had grown enormously both in size and range over the past two decades. SGEF UK now services many hundreds of vendors, dealers and introducers across all the main sectors of the economy. The diversity of product and levels of service have vastly increased. A team of 110 provide these services in the UK with further dedicated teams in Western Europe.
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By GlobalDataSGEF holds the No 1 position in Europe in the Leaseurope rankings in its chosen markets and delivers in 35 countries across the globe. It also won Leasing Life’s 2018 European Lessor of the Year award last month.
Giles Turner said: ‘I am very pleased to being leaving a business in such great shape and in the knowledge it will be led by a talented and ambitious leadership team with a clear vision to take it into the future in the UK, Western Europe and globally’
John Rees, chief commercial officer and head of western Europe said: “It has been a great experience working with Giles throughout all these years and his experience, his enthusiasm and his focus have all been greatly appreciated. I look forward to working with David and Dominic as they continue to drive SGEF UK to the ambitious goals that they have set.”
David Yates-Mercer, UK co-chief executive officer, said: “Giles has been instrumental in the transformation of SGEF UK over a number of years and his passion for the business and drive will be greatly missed. I look forward to working alongside Dominic and with the teams in SGEF locally and internationally to continue to build on this success and to recognise our ambitions
Dominic Hughes, UK co-chief executive officer said: “Giles leaves us with strong foundations to continue to grow the business in line with our clear strategic objectives. As Co CEOs our focus will be on delivering a best in class service to all our partners and customers.”
Jochen Jehmlich, group CEO and Odile De Saivre, deputy group chief executive, said: “We would like to sincerely thank Giles for his long and outstanding commitment to SGEF for more than 20 years. It has been a pleasure for many of us to be working with Giles who has always shown a great business spirit, and has contributed, thanks to his energy and commitment, in the strong development of SGEF UK. We wish him success in his new life.
“We are very pleased to announce the nomination of Dominic Hughes and David Yates-Mercer as co-CEOs of SGEF UK. We are confident that they will continue to develop SGEF UK’s franchise and that they will be dedicated to continuously improving the services provided to SGEF UK’s partners and clients.”
