New CFO for Arnold Clark
04 August 2019
Arnold Clark will take on a new chief financial officer in mid-2020. Mark Harvey will take over the role from Ken Mclean following a handover period.
Mr Harvey is a partner for Ernst & Young in Scotland and was the managing partner until the announcement of the move. Ernst & Young was also the auditor for Arnold Clark, but due to the conflict of interest with Mr Harvey’s move the firm has had to step down from working with the UK’s largest auto retail firm by franchises held.
Speaking to Auto Retail Agenda, Mr McLean said: “I will have been the group finance director for 22 years by the time Mark starts and while I will remain as a main board director, I hope to spend a little more time travelling.”
He added that despite the change in auditor, the results would still be submitted to Companies House, as expected, in a few weeks’ time and that they would show Arnold Clark now had more than £1 billion in net assets.