Michael Warren will take over as finance director at franchised retail group Caffyns from the end of May 2016. Warren, who was finance director at HR Owen until April 2015, will take over from the current finance director Mark Harrsion who is retiring at the end of July.

Mr Warren, aged 51, is a chartered accountant who has previously spent more than 21 years with HR Owen plc, the motor dealership operator, of which the eight years until April 2015 were as finance director, according to a statement by Caffyns. HR Owen plc was acquired in October 2013 and subsequently delisted in April 2014 and has since seen several senior staff leave the company.

Commenting on the appointment, Caffyns chairman, Richard Wright said: “I am delighted to welcome Michael Warren to the Company. He brings with him a wealth of relevant knowledge and his experience of having been Finance Director of a listed company operating motor dealerships will be of great benefit to Caffyns. We look forward to welcoming Michael and believe that he will make a valuable contribution to the continued development of the Company.

“I and the rest of the Caffyns board would like to take this opportunity to thank Mark Harrison for his outstanding contribution as finance director of the company over the last 16 years and wish him well in his retirement.”