Zenith appoints Richard Jones as new CEO

Zenith, the UK’s largest independent truck-to-car vehicle leasing and fleet management company, has announced the appointment of Richard Jones as its new Group Chief Executive Officer (CEO), effective Q1 2025, pending FCA approval.

Jones brings over 10 years of experience in the automotive and leasing sector, having previously held leadership roles at Blackhorse, Lex Autolease, and MotoNovo, part of the Aldermore Group.

Lord Stuart Rose, Chair of the Zenith Holding Board, expressed confidence in Jones’ leadership abilities. “Richard is a seasoned business and people leader, with a career spanning 25 years in financial services, and the last 10 years in automotive and leasing. His experience, and track record in leading successful teams and organisations, has enabled him to deliver value for customers, partners and shareholders, making him the ideal CEO to lead the Zenith Group through the next stage of its development.”

Jones will succeed Tim Buchan, who retires after a 14-year tenure as CEO. Under Buchan’s leadership, Zenith grew into a diverse and resilient business, working with five private equity houses, completing two management buyouts, and overseeing three significant acquisitions. He also spearheaded the UK’s first direct-to-consumer contract hire business.

Reflecting on his new role, Jones commented: “Working in the automotive sector for a number of years, I’ve always admired Zenith.

“The company has an impressive reputation for delivering for its customers, and has enjoyed sustained growth, as well as being an award-winning employer with a strong culture focused on inclusion and performance. I’m delighted to be appointed as CEO of Zenith.”

Jones also highlighted his enthusiasm for the industry’s future, particularly in relation to its role in supporting the UK economy and contributing to climate change goals. “This is a sector I am passionate about because it plays a vital role in supporting the UK economy, and in delivering our society’s climate change goals. I look forward to working with the Zenith team to build on the many successes achieved to date, and to unlock the exciting opportunities ahead of us.”

Tim Buchan, reflecting on his time at Zenith, said: “It has been an honour to see the Zenith business and our people grow and adapt over a period of immense change within our industry.

“I’m proud to have been part of a team that has led the transition to electric vehicles for so many UK drivers.”

He expressed confidence in his successor, adding, “Having spent time with Richard, I know he is a great fit for our business, and I have every confidence he is the best candidate to take Zenith onto the next stage of its successful journey.”