MotoNovo Finance is pleased to announce the appointment of Karl Werner as its new Managing Director. He replaces long-serving CEO Mark Standish who has decided to leave the business having overseen the integration of MotoNovo within parent Aldermore Group.

Having led MotoNovo for over twenty-two years, taking the organisation from under 1% market share to over 20%, Mark has opted to pursue career opportunities outside the business. Commenting on his decision, Mark reflects;

"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."

As a long-serving member of the MotoNovo leadership team and regular industry commentator and speaker, Karl's appointment ensures a natural continuity of the business's commitment to customer and dealer centricity and, as he observes, to 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 our culture and track record of embracing innovation and change, I am genuinely excited by the opportunities that change will afford us to continue growing."

Press release issued by MotoNovo Finance, August 2021

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