Arnold Clark’s chief executive and group managing director Eddie Hawthorne is stepping down and will be replaced by chief operating officer Russell Borrie.

After leaving the role at the end of next month, Mr Hawthorne will stay on as a main board director to mentor and oversee the business.

He has been part of Arnold Clark for the past 27 years and commented: “I’m proud of our achievements and of our employees, especially over the last few years, where the group has had many external challenges to overcome.

“I know the business is in safe and reliable hands as the new leadership team navigated these challenges with me.

“I’d like to take this opportunity to thank Lady Clark, the directors, managers and motor trade friends for their strength and determination to help make this business a success.”

Mr Borrie commented: “Firstly, I want to thank Eddie for his immense contribution to the Arnold Clark Group. His knowledge, insight and dedication have helped the business thrive.

“Even in the most challenging circumstances, his clarity and resourcefulness have transformed a crisis into an opportunity to make things better.

“It is a great privilege to have the opportunity to lead this incredible company and I would like to express my gratitude to Lady Clark and the board for putting their trust in me.”

Arnold Clark has more than 200 branches across the country, selling around 230,000 cars a year.