Iveco UK has announced Mike Cutts as its new MD.
The move, effective from today (2 March), sees Cutts promoted from his current post as full range business line director for the UK & ROI.
Cutts joined Iveco in 2019 as light business line director, bringing with him 15 years of experience in the automotive sector, with previous roles at Volkswagen Commercial Vehicles and Vauxhall.
Iveco said Cutts’ custodianship of the business line featured a “keen focus on decarbonisation”, pointing to the launch of a range of EVs, including the eDaily, S-eWay, and the new eJolly and eSuperJolly under his tenure, and to the strengthening Iveco’s natural gas offerings.
Cutts’ term also saw the launch of the Iveco Driveaway Programme which offers ‘built’ vehicles bodied for their new missions at reduced lead times, and the introduction of the 6x2 variant of the Iveco S-Way CNG.
Cutts said: “I’m excited to step into the role of managing director at Iveco for UK & ROI at such an important time for our industry and our company.
“My focus will be on strengthening our customer relationships, accelerating our transition towards sustainable transport and building on the strong foundations already in place.
“After an incredible six years as business line director, I look forward to bringing my knowledge and experience, together with our talented team and valued partners to drive sustainable, profitable growth and deliver value for our customers in the years ahead.”
Former UK MD, Vincenzo Nicolo, will become MD for Poland, Ukraine & the Baltics.
The manufacturer praised Nicolo for his “strong leadership” during his time as UK MD.
Tata Motors is currently in the process of buying Iveco’s commercial vehicle division in a deal estimated to be worth €3.8bn (£3.3bn).
The deal, announced in July last year, is conditional on the separation of Iveco’s defence business, which it is understood is being sold separately for €1.7bn to Italian group Leonardo.
Iveco said its board of directors concluded that the offer from the Indian conglomerate was in its long-term interests and was recommending it to shareholders.
Both businesses would have combined revenues of c.€22bn (£19bn).
Tata Motors already owns Jaguar Land Rover and has manufacturing facilities in the UK and in Europe.
