MotoNovo Finance puts Karl Werner in driving seat as MD

There has been a change at the top of MotoNovo Finance with long-serving CEO Mark Standish stepping down to be replaced by the internal appointment of Karl Werner as managing director, a move that the company says will ensure continuity in a motor finance business that continues to grow.

Having led MotoNovo for over twenty-two years, and having overseen the integration of MotoNovo within parent Aldermore Group, Standish has opted to pursue career opportunities outside the business.

Standish said: “I am enormously proud of what MotoNovo has achieved and of the people who have been part of the journey. From serving 12,000 customers in 1999 to 530,000 in 2021. From a team of 65 to 780 today, leading MotoNovo has been an incredible privilege. I am delighted that Karl has been appointed to take the helm as MD and look forward to watching the business continue its commitment to innovation and change under his leadership.”

Werner, a long-serving member of the MotoNovo leadership team, pledged to continue the company’s commitment to customer and dealer centricity, and highlighted its plans for further growth.

“At MotoNovo, we have long prided ourselves on being a challenger business that embraces change. We demonstrated our agility through the pandemic, standing side-by-side with our dealers and customers. As the world seeks to recover, challenge and change are sure to feature prominently in the automotive and financial services markets in an increasingly digital, customer-centric environment.

“In leading MotoNovo, a business as Mark noted with a culture and track record of embracing innovation and change, I am genuinely excited by the opportunities that change will afford us to continue growing,” Werner said.