Setterfield will hold the position of senior editor for future residual values, as the business grows further still – following its purchase last year by Montagu Private Equity.
He joins the firm with many years of experience in the field of forecasting – having worked for 13 years at GE Capital Fleet Services, and specialising in forecasting residual values.
CAP says that Setterfield is no stranger to the firm,though – having a strong existing understanding of the business from a customer’s perspective. Therefore, CAP says, he’s ‘ideally placed’ to build on the firm’s existing strengths, and drive further innovation and improvement.
‘I am excited not just by CAP’s ambitions and the company’s strategic direction,’ said Setterfield, ‘but its clear commitment to invest and develop people with real market expertise together with a determination to exceed customer expectations.
‘There are great teams in place at every level of CAP and a great spirit across the business and I’m looking forward to the times ahead.’
CAP’s chief executive Ian Rendle was also positive about Setterfield’s new role. ‘Dylan is the ideal choice to build on our future residual value strengths and bring fresh, innovative approaches to driving continual improvement,’ he said.
‘He brings to us real world expertise gained in the field and has the right track record in forecast modelling and methodology to drive CAP’s already powerful reputation in the area of future residual value benchmarking to the next level.
‘Overall, the investment in people across all the critical functions at CAP over the past eight months has given us great capacity and culminated in the strongest team in our history. We are now focused on a very exciting future as we drive growth through unrivalled quality and product excellence.’