LeasePlan Corporation NV has appointed a new chief executive officer, Tex Gunning, and a new chief operating officer, Marco van Kalleveen.

After two decades with LeasePlan, Vahid Daemi has decided to retire and step down as chief executive officer.

Chief operating officer Sven-Torsten Huster will also step down after six years on LeasePlan’s managing board.

All of these changes are effective September 20, 2016, with the exception of  Huster who will share the role of COO with Van Kalleveen until December 31.

Daemi said: “LeasePlan is in good shape, has a successful history and a continued growth path.

"This current environment presents a natural opportunity for me to pass the baton to a new CEO.

"I consider it a privilege to have led LeasePlan to its current market leadership and solid profitability.

"I am confident that CEO Tex Gunning and COO Marco van Kalleveen, together with CFO Guus Stoelinga and CCO Nick Salkeld, will form a strong managing board.”