MotoNovo Finance announces senior leadership change

MotoNovo Finance has announced the appointment of Karl Werner as its new Managing Director (MD).

Werner replaces long-serving CEO Mark Standish who has decided to leave the business having overseen the integration of MotoNovo within parent Aldermore Group.

Standish has led MotoNovo for over twenty-two years, taking the organisation from under 1% market share to over 20%.

Commenting on his decision, Standish said “I am enormously proud of what MotoNovo has achieved and of the people who have been part of the journey. From serving 12,000 customers in 1999 to 530,000 in 2021. From a team of 65 to 780 today, leading MotoNovo has been an incredible privilege. I am delighted that Karl has been appointed to take the helm as MD and look forward to watching the business continue its commitment to innovation and change under his leadership.”

New MD Karl Werner said “At MotoNovo, we have long prided ourselves on being a challenger business that embraces change. We demonstrated our agility through the pandemic, standing side-by-side with our dealers and customers. As the world seeks to recover, challenge and change are sure to feature prominently in the automotive and financial services markets in an increasingly digital, customer-centric environment.”

“In leading MotoNovo, a business as Mark noted, with our culture and track record of embracing innovation and change, I am genuinely excited by the opportunities that change will afford us to continue growing.”