Armstrong’s creates CEO post
Troy Kennedy hopes to deliver “sustainable growth” for Armstrong’s after being promoted from chief finance officer to the newly created role of chief executive officer.
He will be responsible for the day-to-day operations and longer-term ambitions of the company while working alongside Rick Armstrong, founder and managing director, and the rest of the executive team.
Prior to joining Armstrong’s in 2017, Kennedy, a chartered accountant, held a number of senior executive and finance positions in New Zealand and the UK. These included roles with PwC and Platinum Equity – a global M&A firm advising growth companies on unlocking long-term, strategic value.
kennedy, pictured right, says he is excited about the new role and grateful for the opportunity to guide Armstrong’s as it starts an “exciting new chapter of growth.”
“In less than three decades Armstrong’s has emerged as New Zealand’s largest privately-owned, premium dealership,” he explains.
“Today, we represent 16 international automotive marques at 33 brand locations nationwide – with the number of automotive brands and Armstrong’s sites set to expand even further in the near term.
“This opportunity could not have come at a better time. I’m focused on achieving sustainable growth while at the same time nurturing our talent.”
Armstrong, pictured left, says Kennedy has been an integral part of the company’s executive team over the past four years, helping drive recent growth and guiding the business through the Covid-19 pandemic.
“His transition to CEO strengthens our senior leadership expertise with his extensive finance and international management experience,” he adds.
“Troy is a natural leader and is highly respected across the Armstrong’s team. He is passionate about putting our people first and ensuring our customers sit at the heart of everything we do.”
Along with the creation of the chief executive officer position, and Kennedy’s subsequent appointment, Armstrong’s is recruiting a new chief financial officer and other key personnel.
