Manheim the remarketing and online sales company has appointed Michael Buxton as its chief executive officer to replace John Bailey who has been given a wider role at the parent company Cox Automotive.
Buxton was previously the UK chief operations officer at Manheim and took over on 10 September. He takes control of the day-to-day running of Manheim, which, alongside its de-fleeting and remarketing operations, runs the Motors.co.uk website.
Bailey will now be taking the role of executive vice president of international operations with Cox Automotive. Buxton will continue to report into Bailey.
Bailey said: "Michael’s promotion to chief executive recognises his significant contribution over 20 years in Manheim and I know that our UK operations and customers will greatly benefit under his leadership. I will still be actively involved with Michael in the UK domestic market and look forward to working closely with him as our businesses go from strength to strength."
Sandy Schwartz, president at Cox Automotive, said: "I’m delighted that Michael has been appointed CEO. He is a proven and capable leader and his guiding hand will ensure we achieve our UK growth objectives at this very exciting time in the development of Cox Automotive."