Cox Automotive has made a number of changes to its top executive roles, as well as appointing a managing director for Manheim.
UK chief executive officer Michael Buxton is transitioning to the role of chief operating officer for Cox’s international operations, which will see him work along Cox President John Bailey on business across multiple continents.
Buxton said: “Cox Automotive is a fantastic business that I am proud to work for, it is built on strong family values and a culture of customer first that guides the way we work across our global operations. I am delighted to be stepping up into this international role to continue to build on our success across many markets.”
Replacing Buxton is Martin Forbes, with the appointment becoming effective July 1. Forbes joined Cox in 2015, and is currently managing director for Modix, Motors.co.uk and incadea.
Until he formally begins as chief executive, he will take an expanded role as chief operating officer UK, dealing with the Manheim and NextGear businesses.
Forbes said: “I am very excited to be leading Cox Automotive in the UK through its next chapter; delivering a complete, committed and connected service to our customers.
Inside Manheim, Peter Bell will replace Tim Hudson as managing director, effective March 18, after the latter’s departure from Cox. Bell comes from a position as global financial services director for Jaguar Land Rover, and was previously chief operating officer at Volkswagen Financial Services.
Bell said: “It is a great time to be joining Manheim as it continues to lead the way in physical auctions with its new, state-of-the-art facility at Bruntingthorpe and its impressive online and upstream remarketing businesses, Manheim Online, Inspection services and Vehicle Solutions.
Forbes added: “The Manheim business will continue to be a major focus for growth in 2018. We have clear plans to make wholesale stock management smarter and simpler for manufacturers, leasing companies and dealers. We have the right team to deliver this – there is an incredible depth of knowledge in the Manheim team and a true understanding of our customers’ needs.”