Penske Automotive Group, an international automotive retailer, has promoted David Jones, vice president and chief financial officer (CFO) of its European operations, to executive vice president (EVP) and CFO. Jones replaces Robert O’Shaughnessy, who has resigned from his role as EVP and CFO to accept a similar position with PulteGroup, a US home building company.
Jones joined Penske Automotive in 2003. He has served in a number of leadership roles in the finance function, including the most recent role as CFO of the company’s European operations. In his new role, Jones will report to chairman Roger Penske and will be responsible for all aspects of the company’s financial operations.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.