After two years of leading Big Motoring World, CEO Peter Waddell has announced his departure from the company. Waddell’s decision comes just two years after the UK-based car dealership received a significant investment from private equity firm Freshstream.
Waddell joined Big Motoring World in 2019, bringing with him a wealth of experience in the automotive industry. Under his leadership, the company saw significant growth and expansion, solidifying its position as one of the leading used car dealerships in the UK.
The decision for Waddell to step down from his role at Big Motoring World comes as a surprise to many in the industry. However, Waddell has stated that he feels it is the right time for him to move on and pursue new opportunities.
In a statement, Waddell expressed his gratitude for the opportunity to lead Big Motoring World and thanked the team for their hard work and dedication. He also expressed confidence in the future of the company, citing its strong leadership team and continued growth prospects.
The departure of Waddell comes just two years after Freshstream made a significant investment in Big Motoring World. The private equity firm saw potential in the company’s business model and growth trajectory, leading to a successful partnership that resulted in increased sales and profitability.
With Waddell’s departure, Big Motoring World will now be on the lookout for a new CEO to lead the company into its next phase of growth. The company has stated that they are committed to finding a strong leader who can build on the success achieved under Waddell’s tenure.
Overall, Waddell’s departure from Big Motoring World marks the end of an era for the company. However, with a solid foundation in place and continued support from Freshstream, the future looks bright for this leading UK car dealership.
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- Source: https://zephyrnet.com/waddell-is-gone-from-big-motoring-world-exactly-2-years-since-freshstream-investment/