Provident Financial PLC Directorate Change (4145G)
November 06 2018 - 2:00AM
UK Regulatory
TIDMPFG
RNS Number : 4145G
Provident Financial PLC
06 November 2018
Provident Financial plc announces the appointment of Simon
Thomas as Chief Finance Officer
Provident Financial plc is pleased to announce the appointment
of Simon Thomas as Chief Finance Officer. Simon will join the Board
and start as Chief Finance Officer on the 3(rd) December 2018.
Andrew Fisher, the current Finance Director will step down from
the Provident Financial plc Board when Simon takes up his
appointment, but will remain employed by the company for three
months to provide an orderly handover.
Simon Thomas was previously Group Chief Financial Officer of
Just Group plc, a FTSE 250 financial services company. He has a
strong financial services background, including consumer, retail
banking and insurance experience. His appointment follows a
thorough process conducted by the Nominations Committee with the
assistance of a leading executive search firm.
Malcolm Le May, Chief Executive Officer, Provident Financial plc
said:
"I am delighted Simon Thomas has been appointed as the new Chief
Finance Officer. I look forward to working with him as we drive
Provident Financial forward. On behalf of the Board I would like to
thank Andrew Fisher for his immense contribution, not only as
Finance Director, but also as a Board member whose knowledge and
insight has been invaluable to the group over many years."
Andrew Fisher, Finance Director, Provident Financial plc
said:
"Over the last 18 months Provident Financial has come through a
very difficult period. With the company's capital and liquidity
position restored to one of strength, I have agreed with the Board
that now is an appropriate time to step down as Finance Director. I
would like to thank all those past and present talented colleagues
who I have worked with over my 12 years at Provident Financial,
many whom have become friends, and wish the company success for the
future."
Simon Thomas said:
"I am very excited to be joining Provident Financial as its new
Chief Finance Officer. The company has a strong social purpose and
its customers need the access to credit the company provides. I
look forward to working with Malcolm and the Board as we execute on
the Group's strategy and deliver for our customers and
shareholders."
The following information is disclosed in accordance with LR
9.6.13:
In accordance with the Listing Rules, there are no additional
matters that would require disclosure under 9.6.13R of the Listing
Rules of the UK Financial Conduct Authority.
Inside Information
This announcement is being disclosed in accordance with the
Market Abuse Regulation (EU596/2014) and has been determined to
contain inside information in line with the definition therein.
Enquiries:
Media
Richard King/Jade Byrne, Provident
Financial 01274351900/0203 620 3073
Nick Cosgrove/Charlie Pretzlik,
Brunswick 020 7404 5959
Investor Relations
Malcolm Le May 020 3620 3141
Gary Thompson/Vicki Turner,
Provident Financial 01274 351900
investors@providentfinancial.com
Notes to editors
1. Provident Financial plc is the leading provider of credit
products to those consumers who are not well served by mainstream
lenders. The group serves 2.5 million customers and its operations
consist of Vanquis Bank, the Consumer Credit Division (CCD)
comprising Home Credit and Satsuma, and Moneybarn.
2. Simon Thomas was appointed Group Chief Financial Officer of
Just Group plc in April 2016, and left the company on 31(st)
October 2018. He was previously Group Finance Director of Just
Retirement Group plc from August 2013 until April 2016, and was
appointed as Group Finance Director of Just Retirement (Holdings)
Limited in July 2006. Previously, he was Finance and Customer
Services Director at Canada Life Limited, the UK subsidiary of
Great West Life. Prior to this, Simon was Head of Finance at HECM
Limited (formerly Equitable Life) and spent 10 years at Nationwide
Building Society, latterly as Group Financial Controller. Simon has
over 16 years' experience in the UK life assurance industry, and is
a Chartered Accountant.
3. Andrew Fisher joined the Board Provident Financial plc on 17
May 2006 as Finance Director. He was previously Finance Director of
Premier Farnell plc and a partner at Price Waterhouse LLP. He is
also a non-executive director of Arrow Global Group plc.
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END
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