Tributes paid to ‘gentleman of the industry’, former Trustford CEO Stuart Foulds

Mates and colleagues of former TrustFord chairman and chief govt Stuart Foulds have paid tribute to a “straight-talking, true skilled” following his loss of life yesterday (July 14).

Former Ford of Britain managing director Andy Barrett described Foulds as a “proud household man whose household prolonged deep into the automotive sector” whereas pal James Brearley, the previous Inchcape CEO, stated: “He was one of many gents of the trade”.

Foulds, who retired from his position with AM100 group TrustFord in February 2022, was inducted into the AM Hall of fame in May however his enjoyment of retired life was lower tragically brief simply weeks after a coronary heart assault prompted surgical procedure.

He died at his house in Scotland, AM understands. He was 67.

Barratt stated: “Stuart’s retirement marked a loss for the automotive sector and his loss of life marks a tragic loss completely. As a personality he had a lot gravitas and dignity.

“Stuart and I had a powerful working friendship going again to his Pendragon days. We had been the ambassadors for our two companies after we wanted to search out some center floor. He was a straight-talking true skilled and at all times exhibited such power and belief and honesty.

TrustFord chairman and chief executive, Stuart Foulds, at the AM100 retail group's 2018 annual conference“He was a proud household man who was immensely pleased with his son, daughter and grandchildren, however his household additionally prolonged deep into the automotive sector. He had a friendship with the grandaughter of Henry Ford and was recognized and revered all through the sector. We gained’t see one other like him.”

Former Pendragon colleague, and pal of over twenty years, Brearley stated: “Stuart’s loss of life is so tragic. It truly is. He’d simply retired and was so desperate to spend extra time along with his spouse and household doing the issues he wished to do.”

Brearley described Foulds as “an excellent pal” and “a gentleman of the trade”, including: “I consider his legacy would be the sheer variety of actually spectacular trade operators that labored with Stuart early on of their careers. His data and help helped to provide some nice abilities.”

An announcement issued by TrustFord this morning stated that everybody throughout the enterprise had been saddened to be taught the information of Foulds’ loss of life.

TrustFord’s performing chairman and chief govt, Stuart Mustoe, stated: ”I’m positive I converse for everybody within the TrustFord household by saying how sorry I used to be to listen to of this tragic occasion. 

“We all know how a lot Stuart loved his position with the corporate and lots of extremely profitable initiatives throughout the group at the moment took place throughout his tenure. 

“We wish to prolong our heartfelt sympathies to his spouse, Moira, his youngsters and wider household at this very troublesome time.”

Earlier this yr AM Awards judges paid tribute to the “transformative period” which adopted Ford of Britain’s appointment of Foulds – a former director of Pendragon’s Evan Halshaw Ford Group – in June 2017.

The growth of its Lengthy Marston logistic centre, the speeding-up of gross sales and aftersales by the TrustFordNOW initiative and the roll-out of PartsPlus commerce components centres and QuickLane fast-fit operations throughout the UK had been among the many key initiatives that emerged underneath Foulds’ management.

Flag bearer: Foulds at TrustFord's Breakout For Ben charity fund-raising challengeAlongside a collection of strategic adjustments made underneath Foulds’ management, TrustFord additionally focussed on its individuals, main the way in which on points similar to variety and inclusion.

And Foulds grew to become recognised as a key supporter of the Ben automotive charity, significantly by its annual Break Out for Ben charity challenge, first run in 2018.

One AM Awards decide stated: “It’s nice that we are able to recognise what Stuart Foulds has performed in his profession. There’s an actual legacy there.”

Talking to AM at the moment, Barratt stated: “I do know the Corridor of Fame induction was one thing he was massively pleased with. I’m glad he was capable of get pleasure from that, and make a while to get pleasure from his household in latest months. He has left an awesome legacy.”

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