President and COO Neil Croxson will leave The Parts Alliance for personal reasons at the end of June according to a statement issued this afternoon (Monday) by the company.
Mr. Croxson has led the business for two years, navigating the challenges of the pandemic alongside the firm’s growth ambitions.
READ: MOVERS: CEO QUITS UNI-SELECT
Croxson said: “It has been a privilege to have led the team at The Parts Alliance over the last two years and to have been a part of the business for a further four. I am leaving the business and the industry for personal reasons, and do so at a time of excellent opportunity for The Parts Alliance”.
“As the automotive aftermarket emerges from this challenging period of change, The Parts Alliance is well placed to lead the market into the future by working closely with its customers, suppliers and partners. I wish the very best of luck at this exciting time to its nationwide network of committed, passionate and talented team members.”
The Parts Alliance CFO Sally Dowling will co-ordinate affairs of the business until Neil’s successor is appointed.
Croxson’s departure was announced just days after the resignation of the CEO of parent company, Canada-based Uni-Select and a fortnight after a major financial restructuring programme was put in place by Uni-Select, although there is no suggestion of any connection between the events.
It’s all starting to crumble. 2019 sales down and a loss recorded. The Canadian / US bankers won’t stand for that.