Fleet News

FCM appoints new MD

FLEET Cost Management has appointed Jeremy Snowden as managing director after the promotion of current MD Martin Sumner to the board of parent company Evans Halshaw. The move was announced along with the dealer group's interim results, which showed a dip in profits in the six months to June 30.

Closure of dealerships and pressure on new and used car margins saw profits slip by just under £1 million to £7.3 million (1995: £8.2 million) on turnover up 5.8% at £455 million (1995: £430 million). New car sales throughout the group were up 2%, while used sales rose by 4% and August sales are reported as being marginally ahead of last years'.

Sumner takes the title operations' director and will be responsible for the network of 85 dealerships. He was appointed managing director of FCM in 1990 and has grown the fleet from 5,000 vehicles to more than 90,000.

Snowden, aged 43, has spent all his working life in the motor industry - the last 10 with Evans Halshaw, where he had responsibility for running a large number of dealerships and their fleet operations. As managing director, Snowden will also be responsible for sales and marketing of Overdrive and Dialcard fuel cards and fleet software specialist Car Fleet Control.

All the other senior management roles within FCM remain unchanged, but Mike Bowe becomes commercial director and Kevin McCoy takes over as personnel director at the parent company.

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