Madden will step down on July 7, but will remain chairman of the Institute of Car Fleet Management until the end of 2006 – a position he has held since its inception 1996. He is also a fellow of the Institute of the Motor Industry.
Madden’s executive responsibility will be transferred to board colleagues. BCA chief executive Jon Olsen said: ‘Tom has been a great ambassador for BCA and the vehicle remarketing industry as a whole and his contribution has been significant.
‘After such a long and distinguished career, my colleagues and I wish Tom and his wife Christine every happiness on his retirement.’