Belfast Telegraph

Lord Rose appointed chairman of Zenith

Lord Rose will juggle the position on top of his roles as chairman of online grocer Ocado and retailer Fat Face.

Former Marks & Spencer boss Lord Stuart Rose has been made chairman of car leasing firm Zenith.

Lord Rose will juggle the position on top of his roles as chairman of online grocer Ocado and retailer Fat Face.

The appointment comes after the Leeds-based firm was snapped up by private equity group Bridgepoint in a £750 million deal in January.

In a statement, Lord Rose said: “I am impressed by Zenith’s growth story: The UK fleet services market is a large, growing and resilient market so we will all have even more to go for.”

Zenith was launched in 1989 and focuses on funding company cars and commercial vehicles.

Chief executive Tim Buchan added: “I’m delighted that Stuart is joining Zenith as our chairman.

“He’s had a fantastic business career and has unparalleled experience in understanding the consumer, all of which will be important to the future development of our company.”

Lord Rose, who helped spearhead ex-prime minister David Cameron’s campaign to remain in the European Union, was knighted in 2008 after holding a string of prominent retail jobs, including chief executive of Argos.

He almost came to blows with Sir Philip Green over the retail tycoon’s ill-tempered bid for M&S in 2004.

Lord Rose is also a non-executive director of South Africa-based Woolworths Holdings and a member of Bridgepoint’s advisory board.

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