Kwik-Fit has announced a range of management changes following the acquisition of the AA by its parent company CVC Capital Partners in conjunction with private equity firm Permira Advisers.
Former Kwik-Fit fleet sales director Mike Wise has been appointed, on an interim basis, to co-ordinate Kwik-Fit’s core UK activities.
This follows the departure of Kwik-Fit chief executive Tim Parker, who has moved to the AA in a similar role.
As a result of Wise’s promotion, Kwik-Fit Fleet’s director of corporate accounts Nigel Davies, will take on interim responsibility for fleet business, along with Kwik-Fit Fleet finance director Chris Higgins.
In addition, finance director Ken McGill has taken over responsibility for the company’s European businesses and Kwik-Fit financial services.
Kwik-Fit operations director Paul Boulton will continue to head up retail operations, reporting directly to Wise.
Kwik-Fit chairman Sir Trevor Chinn has also become chairman of the AA.
Wise said: “We continue to perform well across all our main operating businesses and we have well-prepared plans to continue our growth in the future. Those plans do not include merging the AA and Kwik-Fit together. They will remain quite separate companies.”
Outgoing Kwik-Fit chief executive Tim Parker, said: “We have commenced a search for a new chief executive, and we will not compromise the quality of the candidate.”
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