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Arval UK has appointed Lakshmi Moorthy as its new managing director, replacing Miguel Cabaca who is moving to role in Spain.
Moorthy joins from her current role as global retail director within Arval’s Corporate Head Office, in Paris.
She is expected to take up her new position in March, subject to regulatory approval.
With more than 20 years of experience in consumer and commercial finance roles, Moorthy has worked in the UK, India and France. From 2002, she held various positions at GE Capital before joining Arval in 2015.
Cabaca has headed-up Arval’s UK business since December 2017 and will take up a new position within the group in Spain, as its managing director.
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Arval UK has announced a change to its executive management team with the appointment of Lakshmi Moorthy as managing director, replacing Miguel Cabaca.
Cabaca has headed-up the UK business since December 2017 and will take up a new position within the group in Spain as managing director.
Having held the UK MD role for more than three and a half years, he leaves the business following a period of sustainable growth, increasing its fleet from 160,000 to more than 175,000 vehicles today.
He said: “It’s been a great journey leading Arval UK and I’m proud of the achievements of the whole team, especially in the last year which has been extremely tough for everyone.
Date: 16 February 2021 Â Â |Â Â Author: Sean Keywood
Leasing company Arval has named Lakshmi Moorthy as its new UK managing director.
She will take up the role in March, subject to regulatory approval.
Moorthy will replace Miguel Cabaca, who has led Arval s UK business since December 2017, and is moving to become managing director of the company s business in Spain.
Moorthy moves across from a role as global retail director within Arval s corporate head office.
She is said to have more than 20 years of experience in consumer and commercial finance roles, and worked in countries including the UK, India and France.
She worked for GE Capital from 2002, before joining Arval in 2015.