ALD Automotive | LeasePlan has appointed Patrick Sommelet as deputy chief executive officer and group chief financial officer.

The new appointment will support the company’s new phase of development

Previously deputy chief financial officer of Société Générale, Sommelet will replace Gilles Momper, who moves to a new role outside the group.

Sommelet began his career in 1993 at Credit Commercial de France where he was a trader on the bond and money markets. He has since held roles at Merrill Lynch, Société Générale, and Boursorama. In 2016, he became head of strategic financial planning for Société Générale and was appointed deputy chief financial officer a year later.

It’s the latest addition to the executive team at ALD Automotive | LeasePlan after the firms merged in May 2023, creating leading global sustainable mobility player. Last month also saw the leasing giant announce its UK Integration Committee.

Sommelet’s appointment is effective from 1 September 2023 and he will report to CEO Tim Albertsen.

Albertsen commented: “I am pleased to welcome Patrick Sommelet as deputy chief executive officer and group chief financial officer. Patrick brings considerable experience and expertise in finance to ALD Automotive | LeasePlan which will fully support our transformation going forward as the company enters a new phase of development. I wish Patrick every success in his new position.”

He added: “I would like to warmly thank Gilles for his unwavering commitment to ALD Automotive over the past 16 years, which included 11 years as the group chief financial officer. He has played a key role in the company’s development during his tenure as chief financial officer, notably playing an instrumental role both in ALD’s successful listing on the Euronext Paris stock exchange in 2017 and more recently in the acquisition of LeasePlan.”