Nexus appoints Jim Faulds as Chairman

Leeds-based Nexus Vehicle Rental, the UK’s leading technology-driven business mobility provider, has appointed Jim Faulds as Chairman to support the business through the next stage of its growth.

Faulds has established himself as an experienced and successful private equity Chairman. Working closely with executive teams, Jim has supported many businesses to grow and develop across a variety of B2B sectors.

Nexus’ Chief Executive Officer, David Brennan, said: “We are delighted to welcome Jim to the Board and look forward to working with him on our next exciting phase of growth and innovation as the key technology-enabled mobility provider in the UK.”

The business has won numerous industry awards, most recently scooping the Elite London Stock Exchange Group Scale-up Award at the Lloyds Bank National Business Awards. The company attributes its success to outstanding customer service, technological innovation and quality-assessed supply partners.

Phoenix Equity Partners, a leading mid-market private equity firm, acquired a majority shareholding in Nexus in July 2018.

Phoenix Partner, Tim Dunn, said: “Jim is an extremely experienced Chairman, as well as being a terrific fit with Phoenix and the Nexus team. We look forward to working closely with him as Nexus grows its position as a core technology provider in the UK corporate vehicle rental market, and develops new relationships in the global mobility market.”

Faulds said: “I am thrilled to be joining Nexus. David and his team have built a world-class business and I look forward to helping them exploit the exciting potential they have created”.

Nexus offers daily, short, medium and long-term rental with access to over 550,000 vehicles, including 100,000 specialist and commercial vehicles and 50,000 HGVs across 2,000 UK locations. Due to this, the company can source any vehicle, anytime, anywhere.