Mark Squires returns to helm of Benfield

Former chief executive of Benfield, Mark Squires, has returned to the helm of the North East's largest motor group

Mark Squires, Chief Executive, Benfield Motor Group
Mark Squires, Chief Executive, Benfield Motor Group

Former chief executive of Benfield Mark Squires has returned to the helm of the North East’s largest motor group.

The 48-year-old, who had been chief executive for 12 years, moved into an executive chairmanship in January, as Nigel McMinn took over the day-to-day running of the £500m-turnover business.

Now, after McMinn’s departure for Lookers plc, Squires has returned to the chief executive position.

“I am absolutely delighted to be back at the helm of our family business, while naturally disappointed that Nigel has decided to move on to pastures new,” he said.

“We have built a very strong executive board and senior management leadership team in recent times and I am both excited and proud to be leading the company’s management team once more.”

“We also have an exciting capital investment programme going on at the moment, and I am very much looking forward to developing and growing our family business long into the future.”

Benfield Motor Group was founded in Newcastle by John Squires Snr in 1957, and was developed by John Squires Jnr, the present main board chairman.

The group now employs more than 1,500 people across 34 dealerships in the North East, Yorkshire, Cumbria and South West Scotland.

In May this year, it signed a deal with Michelin that means its contract hire and leasing division will use the brand, reducing the inconvenience and costs associated with the need for regular tyre replacements.

The following month, then, it added Chrysler and Jeep to its portfolio.

Squires started with the company in 1992 as operations director.

Other recent appointments includes Gerard Murray as finance director and Neville Gaukroger as strategic development director.

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