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Jim Faulds appointed Nexus Vehicle Rental chairman

Jim Faulds, new Nexus Vehicle Rental chairman

Nexus Vehicle Rental has appointed Jim Faulds as chairman to support the company through its next stage of its growth.

The Leeds-based business says Faulds has established himself as an experienced and successful private equity chairman. Working closely with executive teams, he has supported many businesses to grow and develop across a variety of B2B sectors.  

Nexus chief executive officer, David Brennan, said: “We are delighted to welcome Jim to the board and look forward to working with him on our next exciting phase of growth and innovation as the key technology-enabled mobility provider in the UK.”

The business has won numerous industry awards, most recently scooping the Elite London Stock Exchange Group Scale-up Award at the Lloyds Bank National Business Awards.

Tim Dunn, a partner at private equity firm Phoenix Equity Partners, which acquired the majority shareholding of Nexus Vehicle Rental from Bowmark Capital for £142 million in 2018, said: “Jim is an extremely experienced chairman, as well as being a terrific fit with Phoenix and the Nexus team.

“We look forward to working closely with him as Nexus grows its position as a core technology provider in the UK corporate vehicle rental market, and develops new relationships in the global mobility market.”

Faulds said: “I am thrilled to be joining Nexus. David and his team have built a world-class business and I look forward to helping them exploit the exciting potential they have created”.

Nexus offers daily, short, medium and long-term rental with access to over 550,000 vehicles, including 100,000 specialist and commercial vehicles and 50,000 HGVs across 2,000 UK locations.

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