Leasys and Free2move Lease consolidation: New leadership announced

Following the binding agreements signed in the first semester 2022, Leasys and Free2move Lease will consolidate their activities to create a new mobility company specialised in multi-brand operational leasing, in which Stellantis and Crédit Agricole Consumer Finance will each have 50% shareholding rights.

Philippe de Rovira, Stellantis Chief Affiliates Officer, and Stéphane Priami, Crédit Agricole S.A Deputy General Manager in charge of Specialised Financial Services and CEO of Crédit Agricole Consumer Finance, have announced the top leadership for the new company to be created by the upcoming consolidation of the two leasing companies’ business.

Effective on the closing date planned for the first half of 2023, Richard Bouligny (pictured above), current Deputy CEO and Head of Automotive and Mobility of Crédit Agricole Consumer Finance,will be the new Chairman. The new company will be led by Rolando D’Arco, as CEO, to whom Arnaud de Lamothe, Commercial Deputy CEO and Antoine Delautre Finance Deputy CEO, will report.

The new mobility player, starting with managed fleet of approximately 828,000 vehicles, will be operational in 11 countries and work with all Stellantis brands as well as with a multi-brand approach.

The mission of the new company is to become a European leader for mobility services, with a fleet target of one million vehicles by 2026.

The closing of the transaction is subject to customary closing conditions, including regulatory approvals.