Stephen Haddrill, director general of the Finance & Leasing Association (FLA), will retire next summer after five years in the role.

Commenting on his departure, Haddrill said: “I joined the FLA at the end of 2019, and during five eventful years have seen our industry’s mettle tested by a series of crises, including Covid, unprecedented political turbulence, and a cost-of-living crisis that is still being felt across the UK.

“Throughout each challenge, the association has been supported by a strong and engaged membership, and in turn the FLA team has helped the sector by further strengthening engagement with government, regulators and our other stakeholders.

“I am immensely proud of what we have achieved together for customers and the industry, and I look forward to seeing the FLA thrive into the future.”