Ayvens appoints new CEO

Ayvens has announced the appointment of Philippe de Rovira as chief executive officer, replacing Tim Albertsen.

The appointment, which is effective from December 1, follows the recommendation of the nomination committee as part of its succession planning exercise.

Albertsen has informed the board of directors of his intention to retire on December 1, and will continue to serve as CEO and member of the board until this date.

The board thanked Albertsen for his dedication to Ayvens and the PowerUp 2026 plan, which will be implemented unchanged until the end of 2026.

Pierre Palmieri, chairman of the board of directors, said: “On behalf of the board of directors, I am pleased with the appointment of Philippe de Rovira as CEO.

“Philippe brings with him the experience, commitment and strategic vision which will be key in driving growth and capturing new opportunities for Ayvens.

“I would also like to thank Tim for his leadership and vision, which have led to Ayvens being the global leader it is today.”

Rovira (pictured above) joined PSA Group in 1998 and held numerous business and finance positions until 2017, including leading a division covering B2B sales, remarketing of used cars and sales of spare parts.

In 2018, he was appointed PSA Group chief financial officer and a member of the global executive committee. The business unit responsible for remarketing of used cars also reported to him.

In 2021, he became Stellantis chief affiliates officer and member of the top executive team, in charge of financial services, parts and services, remarketing of used cars, circular economy and owned retail.

In 2025, he became chief operating officer for Asia and Middle East/Africa, in addition to being responsible for financial services and Free2move.

Ayvens will issue its Q2 2025 financial results on July 3.