He has been managing director since December 2005 with additional responsibility ICS and Seddon Atkinson.
‘I am leaving Iveco at a hugely exciting time in its development. With New Stralis about to hit the market and New Daily achieving its best-ever market share of nearly 12%, along with a stronger-than-ever ethos of customer service, the company can only go from strength to strength.
‘I have very much enjoyed my time with Iveco and the support and loyalty of all my colleagues within Iveco and the dealer network and I am proud with what we have jointly achieved for the brand over the last 14 years and I look forward to reflecting on the company’s burgeoning success in years to come.
‘Personally I am looking forward to new challenges whilst maintaining my position on the executive boards of the FTA and Brunel University.’
What Mr Thorneycroft-Smith plans to do next has not been disclosed as yet.