Thatcham Research has announced that long-standing employee, Peter Shaw will step down from his role as chief executive with immediate effect, due to ill-health.
Shaw (pictured) has steered Thatcham through a “period of notable change” while also serving as a Board member for seven years.
He initiated a research strategy, reflecting the fast pace of change in the automotive market and kept ahead of it with thought leadership and rapid development of safety standards.
Thatcham Research’s chairman and Allianz Insurance’s chief claims officer Graham Gibson said: “Peter has achieved so much for the business and our position in the industry since joining us.
“He has played a pivotal role in driving a new focus upon testing and influencing vehicle safety and security performance to minimise motor insurance costs.
"This has been hugely important due to the technological advances in active and passive car safety.”
Thatcham has begun recruiting for his successor and strategic duties will continue to be managed by Neale Phillips and Ruth McRitchie.
The Thatcham Research Board is drawn from its 24 member insurers, who fund the essential research on vehicle safety, security, personal injury and accident damage repair.
“Under Peter’s leadership, Thatcham Research has never been more relevant than it is today, and keeping our members informed and educated will remain vital,” said Gibson.
“We would like to extend our sincere thanks to Peter who has been an outstanding Chief Executive and Board member since 2011.
"I’d also like to extend my gratitude to Ruth and Neale, who have maintained our strategic agenda so strongly in the interim period.”