The American owner of Birmingham vanmaker LDV finally confirmed yesterday that long-serving chief executive Allan Amey has left the company.
The Birmingham Post reported on Saturday that Mr Amey, a former Midlands Businessman of the Year and one of the most well known figures in the regional engineering sector, had parted company with the Washwood Heath company less than a month after it was taken over by Florida-based Sun Capital Partners in a £75 million deal.
The company broke its silence yesterday by announcing that following Mr Amey's decision to retire on his 60th birthday on May 21, Charles P Megan of Sun Capital Partners had been appointed chief executive officer at LDV with immediate effect.
"Mr Amey will continue to serve LDV in a transitional consulting role until his retirement," the statement said.
Mr Megan said: "I would like to recognise Allan Amey's many contributions to LDV and wish him well in his retirement."
Mr Megan said the "significant" financing package would enable LDV to continue developing variants of Maxus vans.
Mr Amey said in a statement: "I have had the privilege to lead LDV for the past 12 years.
"In the last year, we have achieved two major objectives: the launch of the Maxus product range, which will see the business through the next decade, and the completion of a new financial sponsorship to support the next phase of LDV's growth.
"With these two objectives achieved, it is appropriate that new management take the business into its next growth phase." ..SUPL: