ALD
ALD appoints Tim Albertsen as CEO
27-March-2020 / 19:00 CET/CEST
Dissemination of a French Regulatory News, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
Press release
Rueil-Malmaison, 27 March 2020
ALD appoints Tim Albertsen as Chief Executive Officer
At the meeting of the Board of Directors held on 27 March 2020, the Board of
Directors appointed Tim Albertsen as Chief Executive Officer of ALD,
succeeding Mike Masterson who resigned for health reasons, in line with what
had been announced on 6 February 2020. Mike Masterson remains a Director of
the Board.
Philippe Heim, Deputy CEO of Societe Generale and Chairman of ALD's Board of
Directors, commented:
"I would like to thank Mike Masterson for his outstanding contribution to
the development of ALD. Under his leadership as CEO since 2011, the company
has seen exceptionally fast and profitable growth, enhancing the company's
corporate franchise, further developing the market leading white label
partnership program, expanding its geographic footprint through targeted
acquisitions and greenfield operations and transitioning the company towards
digitalised mobility solutions. Tim Albertsen has extensive experience in
the leasing industry and has closely participated over the past 10 years in
the establishment of ALD as a global leader in the provision of mobility
solutions. Together with the Board, I am confident Tim has the vision and
the leadership to manage both in the short-term with the difficult economic
environment due to COVID-19 and to accelerate ALD's successful strategic
development in the sector of mobility where the company is ideally
positioned to benefit from structural trends."
Biography
Tim Albertsen has been serving as Deputy CEO of ALD since 2011. He has been
active with ALD since 1997, the year he joined Hertz Lease (which was
acquired by the Group in 2003). Tim Albertsen was Chief Operating Officer
from 2008 until 2011 and Senior Vice President for the Group from 2005 until
2008. Prior to that, he was Regional Director for the Group in the Nordic &
Baltic Countries and General Manager at Hertz Lease Denmark from 1997 until
2003. Previously to working at ALD, he was General Manager at Avis Leasing
from 1995 until 1997 and Operations Manager at Avis Rent a Car from 1992
until 1995. Tim Albertsen holds an Economics Bachelor's degree in Business
Administration from the University of South Denmark. He also holds a
Graduate Diploma in Business Administration from the Copenhagen Business
School.
About
ALD
ALD is a global leader in mobility solutions providing full service leasing
and fleet management services across 43 countries to a client base of large
corporates, SMEs, professionals and private individuals. A leader in its
industry, ALD places sustainable mobility at the heart of its strategy,
delivering innovative mobility solutions and technology-enabled services to
its clients, helping them focus on their everyday business.
With 6,700 employees around the globe, ALD manages 1.76 million vehicles (at
end-December 2019).
ALD is listed on Compartment A of Euronext Paris (ISIN: FR0013258662;
Ticker: ALD) and is included in the SBF120 index. Société Générale is ALD's
majority shareholder.
For more information, you can follow us on Twitter @ALDAutomotive [1] or
visit www.aldautomotive.com [2].
Regulatory filing PDF file
Document title: Tim CEO
Document: https://eqs-cockpit.com/c/fncls.ssp?u=MKYEXKOEHK [3]
Language: English
Company: ALD
1 Rue Eugène et Armand Peugeot
92500 Rueil-Malmaison
France
Internet: https://www.aldautomotive.com/
ISIN: FR0013258662
Euronext Ticker: ALD
AMF Category: Inside information / Other releases
EQS News ID: 1008569
End of Announcement EQS News Service
1008569 27-March-2020 CET/CEST
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2: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=8512290631f9f8899d5ca349809e3a89&application_id=1008569&site_id=vwd&application_name=news
3: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=ee5f09c39e0e96aa9fed41a0b45e8e0a&application_id=1008569&site_id=vwd&application_name=news
(END) Dow Jones Newswires
March 27, 2020 14:00 ET (18:00 GMT)
