Hugh Wallace, managing director of Arnold Clark Finance, has passed away.
The company said: "We are saddened to share the news that Hugh Wallace, managing director of Arnold Clark Finance Limited, passed away peacefully on Tuesday May 19, whilst on a charity walk in Spain."
Wallace, who was with the Group for over 40 years, was an incredibly well respected member of the automobile industry and a key figure within Arnold Clark.
The company said his passion and dedication extended far beyond the automobile industry, touching many, from the charitable organisations he supported to the wider sporting community.
The BVRLA added: “We were very shocked and saddened to hear about the death of Hugh Wallace. Hugh was a hugely respected figure in the fleet world and a longstanding supporter of the BVRLA and its work. He was very passionate about raising industry standards and sharing best practice and he always ensured that key members of the Arnold Clark management team were engaged and involved in BVRLA meetings and committees.
"Arnold Clark has supplied many winners for the BVRLA Achievement Awards over the years, and this is a testament to the team of people Hugh helped recruit, develop and nurture during his long career.”