ARVAL UK chief executive Philippe Bismut is to join the company’s head offices in Paris as group managing director.

Bismut will continue to have an active role within Arval UK, overseeing the initiatives introduced during his time with the company. Bismut will be succeeded by Jean Marc Torre, who will join Arval UK as CEO in April.

He is currently working within the organisation as the CEO for BNP Paribas in Egypt and has held a number of international roles across the group.