CEO Tim Heavisides moves sideways as sale process continues

Provident Insurance group chief executive Tim Heavisides has stepped aside ahead of the sale by US parent company GMAC, Insurance Times reveals this week.

Heavisides will remain with GMAC Insurance as chief executive of its other UK motor businesses, Car Care Plan and Motors Insurance Company, which remain “strategically important” to GMAC, a spokesman said.

Provident managing director James Reader is leading the day-to-day operations of Provident, reporting directly to GMAC Insurance executive vice-president, Ron Judd.

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