The chief executive officer of Rivus Fleet Solutions (previously BT Fleet Solutions), Henry Brace, has left the business.
Brace took over the helm of BT Fleet Solutions in April 2016, having previously held several other roles at the fleet management company.
Dr Magnus Zuther, managing director of Rivus Fleet Solutions, told Fleet News that after six years of dedicated service in fleet as finance director, chief operating officer and latterly as CEO, Brace has decided to step down to pursue new challenges and opportunities.
Dr Zuther said: “Henry has made a significant contribution to the business and I wish him every success in the future."
Rivus Fleet Solutions says it is currently in the process of recruiting a new CEO. In the interim period the business will be led by the existing executive team, alongside the senior Aurelius operations members, in line with the current business model.
BT Group sold BT Fleet Solutions to private equity group Aurelius Equity Opportunities for an undisclosed sum in August, 2019.
The new owners told Fleet News in the wake of the sale that it had ambitious plans for the fleet management company. This, it said, was likely to involve further acquisitions, investment into the organisation’s existing services and the introduction of new services.
Headquartered in Solihull, the business which was established in 2002, offers fleet management services across all stages of the vehicle life cycle, through its network of 65 in-house garages, 500 partner facilities and 50-plus mobile technicians.
It was rebranded Rivus Fleet Solutions in October 2019, but retains a “long-term” contract to continue as exclusive fleet services provider to BT’s 35,000 vehicles with service-based incentives to encourage BT to re-sign “down the track”.
Recent contract wins with Kier and Highways England swelled its managed fleet by 7,600, taking it close to 81,000 vehicles in total.