Norfolk-based car maker Lotus has announced that Jean-Marc Gales, its Chief Executive Officer, is standing down.
He's being replaced by Feng Qingfeng from the car firm's parent company Geely Auto Group.
Jean-Marc Gales, who the company says is leaving "for personal reasons", will become Chief Strategic Advisor to the Lotus Chairman, Daniel Donghui LI.
Geely acquired a majority holding in Lotus, which is based at Hethel near Norwich, last year. The company also owns Volvo Cars, Proton and the London Electric Vehicle Company.
Norfolk based car company Lotus says it's worldwide sales are up by more than fifty per-cent over the last nine months.
Last year the company announced plans to make up to three hundred workers redundant. However it says the latest figures show that their plans for the future are working.
The biggest sales increases have been in France, Germany, China and Japan.
The Business Secretary Vince Cable has given a major boost to Norfolk's Lotus Car Factory.
Mr Cable, who was on a walkabout in Norwich yesterday, has announced a deal to provide the Malaysian-owned company with £10m from the Regional Growth Fund.
Lotus says the cash will help keep jobs in Norfolk and develop new models.
Work is about to start in Norfolk on a new manufacturing plant specialising in green and renewable technologies.
The faciltiy is being built at the Hethel Engineering Centre just outside Norwich. It is hoped the 40,000 square foot building will create more than 200 jobs. The work is being funded through a £7.8 million European grant.