ELECTRONIC vehicle 'stock exchange', Global Remarketing, has appointed Stuart Faid as managing director to replace Jim Kerr, who leaves next month.

Faid joins the firm from DaimlerChrysler UK, where he is wholesale operations manager, responsible for the resale of up to 15,000 vehicles a year. Kerr has left to set up his own business, JTK Automotive, to provide vehicle remarketing services and consultancy to fleet and leasing companies.