The new management board at Rivervale. Pictured above L to R, back row: Simon Fuller, Duncan Stocks; front row: Neil Chapman, Vince Pemberton
THE management team at the leasing and fleet management provider Rivervale Cars, which trades under Rivervale Leasing, has completed a successful management buyout.
The business has been operating under the stewardship of the trustees of Endeavour Holdings Limited (former owners of the Endeavour Motor Company) following the death of group chairman Tommy Sopwith in May 2019.
The board of trustees felt that the ownership and direction of the business sat better with the core management team within the Rivervale business.
The new board for the Brighton-based leasing provider is:
- Neil Chapman – Chairman (formerly the CEO of Rivervale Cars);
- Vince Pemberton – CEO (formerly COO);
- Simon Fuller – Commercial Director (formerly Leasing Director); and
- Duncan Stocks, Group Sales Director (formerly Leasing Sales Director).
Neil Chapman, the new Chairman of Rivervale Cars, said:
This is a once in a lifetime opportunity for us to take Rivervale forward to the next level and beyond. We have seen strong consistent growth and navigated the challenges thrown at everyone over the last three years and we are well placed to now look at opportunities to further our growth. We are excited to see what prospects develop.
In addition to Rivervale’s core leasing and used car sales operations, the business has grown substantially with the addition of fleet and fleet management services, minibus leasing and a Maxus van franchise. Aftersales has also expanded to meet increased demand.
New CEO Vince Pemberton added:
This has been on the agenda for some time, and I would like to thank Endeavour Holdings and in particular, Mrs Gina Sopwith for helping to make this happen. We all know that the hard work starts here but we are incredibly proud of the team we have managed to assemble, and I know they are all committed to the cause. Our industry has changed enormously over recent years and we have all had to move with it, but I am extremely excited about the plans that we can now push on with to make Rivervale an even stronger well recognised brand in the sectors that we operate.