Arval welcomed Alain Van Groenendael as its new chairman and chief executive who brings over 30 years of international experience.
Groenendael (pictured) spent a large part of his career at Citibank in a wide variety of roles and locations, culminating as chief executive of Consumer Bank, Western Europe and a member of the Citigroup Management Committee.
He has also held the posts of chairman of the loans and financial services division at the PPR Group and chairman and chief executive of Finaref.
Groenendael said: “It is with great pride that I join Arval. I would like to acknowledge the work of my predecessor Philippe Bismut, who has shown responsibility and boldness during his eight years at the head of Arval.
“It is now my responsibility to bring further innovative support and solutions to adapt our offer to continuously changing mobility needs. Arval's employees in 29 countries around the world can count on my total commitment to our success.”
In 2008, he was appointed board member and deputy chief executive officer of BNP Paribas Personal Finance.
In 2015 he was made chairman of the company and joined the Management Committees of both international financial services and retail banking at BNP Paribas Group.
From November 2017 to June 2018, he was the chairman of Opel Vauxhall Finance.
His appointment took effect on January, 1 2019.