Troy Kennedy takes the wheel as Armstrong’s, one of New Zealand’s largest privately-owned, premium dealerships gears-up for further growth.
Troy Kennedy, the incumbent CFO of Armstrong’s, has been appointed to the newly founded role of CEO and is committed to delivering “sustainable growth” within the company.
Mr Kennedy takes on the role immediately and will be accountable for the everyday operations as well as longer-term ambitions. He will continue to work alongside Rick Armstrong, founder and managing director, as well as the executive team.
“The introduction of the position, and the commercial acumen Troy brings, underpin the next chapter of Armstrong’s continued growth,” Armstrong says.
“Troy has been an integral part of Armstrong’s executive leadership team for more than four years. He has been instrumental in driving recent growth and helping guide the business through the unprecedented events related to Covid-19,” Armstrong adds.
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.
“His transition to CEO strengthens our senior leadership expertise with his extensive finance and international management experience,” says Armstrong.
Kennedy, pictured right, says he is excited and grateful for the opportunity to guide Armstrong’s as it starts an “exciting new chapter of growth.”
“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” Says Kennedy.
“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” he adds.
In addition to 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.