Keith Allen, the boss of the UK’s fifth-largest vehicle leasing company has announced his resignation after nearly 17 years with the business, the last 14 as managing director.

Allen will leave ALD Automotive on 31 December, and a statement from ALD said he will “spend the next eight weeks assisting the incumbent management team with the smooth transfer of his responsibilities”.

Details of Allen’s replacement, and his future destination, will emerge shortly.

“The team will continue to manage the business as normal during the transition and further detail on his replacement will be announced in the coming weeks,” said ALD.

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