Leasedrive Establishes New Fleet Management Division

Leasedrive Group, the subject of a recent BIMBO transaction valued at £45m, has established a separate fleet management division, which will be headed up by new appointee, Ivor Johnson as general manager. This follows the declaration from the Leasedrive Group that it is aiming to build a world class fleet management service capability, backed by the finest asset management system and pioneering web-based customer service technology.

Chief operating officer, David Bird said: "At the time of our BIMBO transaction, we announced that we would be seeking to make some key management appointments as part of our major investment in the business. The first of these, Ivor Johnson as head of our newly-created fleet management division, is a major coup. Ivor is undoubtedly one of the most talented and skilled professionals in the industry. We are proud to have attracted such a high calibre individual, especially as he has come from a business he established. With his unique skill sets, we expect him to make a major contribution to the development of our overall business strategy."

Ivor Johnson, aged 41, was previously managing director of Fleet Logistics UK Limited, a successful fleet management business he set up in March 1997. After returning a profit in 1999, he acquired the business from joint investor, Moores Rowland in March 2000 before selling it a month later to FCE.

Before establishing Fleet Logistics UK, Ivor Johnson worked for Bristol-Myers Squibb Pharmaceuticals, first as UK car fleet manager, then as European fleet manager before being seconded to a new operation based in Paris as associate director, global strategic sourcing (designate). Earlier, he spent ten years with Therm-A-Stor in various accounts functions where he developed a passion for fleet management.

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Leasedrive Velo is the largest independent privately-owned vehicle management group in the UK and comprises two main operating divisions.

Leasedrive Velo Vehicle Management
Working in partnership with fleet managers, or delivering a complete outsourced service, Leasedrive Velo offers blue chip clients a range of bespoke fleet management services. Major investments in the finest asset management system and pioneering, flexible, web-based customer service technology have resulted in Leasedrive Velo offering customers a truly world class fleet management service capability.

Leasedrive Velo Rental Management
One of the largest short-term vehicle rental management companies in the UK, with access to an almost unlimited choice of vehicles and locations throughout the country, Leasedrive Velo Rental Management offers a simple and transparent pricing policy with no hidden surcharges. For rentals of 28 days or more, it offers the Stopgap mid-term vehicle rental solution. Rates are substantially reduced compared to daily rental.

The headquarters for Leasedrive Velo is at hi-tech offices at TRL in Wokingham. Leasedrive Velo is the winner of the 2006 Fleet News Award for 'Best Contract Hire/Fleet Management Company' the 2006 GreenFleet Award for 'Leasing/Rental Company of the Year', The 2007 and 2008 Thames Valley Business Awards for 'Business Management Team of the Year' and the 2007 ITM Award for 'Independent Vehicle Management Company'.

For further press information on Leasedrive Velo, contact:

Mr Jeremy Snook
JSPR Ltd
Telephone: 01488 670002
Mobile: 07957 867139
Facsimile: 01488 670008
E-mail: jeremy.snook@jspr.co.uk
Website: www.jspr.co.uk

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