January 9 2008. Black Horse has announced that John Woolley, Managing Director, Motor & Leisure Finance, will be stepping down and leaving the company at the end of March. Mr Woolley was appointed to the position of Managing Director on 1st March 2006 following a long career with Black Horse.David Oldfield, Managing Director, Lloyds TSB Asset Finance Division said, "John leaves us with our respect and thanks for his many years of service and we wish him well for whatever fresh challenges in his life he decides to take on". He said he was expecting to make an announcement in the next few weeks about recruiting a successor to Mr Woolley.