Mr Salkeld, currently senior vice-president for the LeasePlan companies located in Southern Europe and Pacific Region, takes on the new role with effect from 21st August 2014 and will focus on the commercial and competitive strategy of LeasePlan on a global basis for all LeasePlan companies including LeasePlan International.

Vahid Daemi, CEO of LeasePlan Corporation, commented: ‘We have a strong track record of financial results and we need to continue this momentum and build an even stronger future. One of the company’s main strategic priorities for the years to come is to develop new avenues for additional growth. Nick's role will be to lead this drive for our LeasePlan countries and our LeasePlan International business as well as to focus on delivering products and services that meet the changing needs of our clients. He brings proven business and commercial experience to our Managing Board and we are delighted to welcome him to our team.’

Mr Salkeld has been with LeasePlan for over 20 years, starting at the company's Automotive Leasing business in the UK, then as commercial director for LeasePlan UK before moving on to become managing director of LeasePlan International. He became senior vice-president for LeasePlan Corporation in 2004 covering the Northern Europe Region before moving to his current role in 2006. Prior to joining LeasePlan, Nick worked for Ford Motor Credit Company and then Nissan in the UK.

Following this appointment, the Managing Board of LeasePlan consists of four members:

Vahid Daemi – chief executive officer – chairman

Guus Stoelinga – chief financial officer

Sven Huster – chief operating officer

Nick Salkeld – chief commercial officer