MASTERLEASE has restructured its full service leasing business in Europe into two distinct geographic regions.

It will divide its Europe operations under the leadership of two executive directors for northern and southern Europe.

Southern Europe will be led by the existing regional and Portugal managing director Carlos Ferreira who will take control of France, Belgium, Greece, Italy, Portugal and Spain. Francisco Ponton, managing director of Masterlease Spain, will take responsibility for both Spain and Portugal as Iberian managing director.

Garry Hobson, previously managing director of Masterlease in the UK, will become regional director for northern Europe, including Austria, Germany, the Netherlands and Poland.