Provident Financial PLC Directorate Change (1095W)
09 Diciembre 2019 - 01:00AM
UK Regulatory
TIDMPFG
RNS Number : 1095W
Provident Financial PLC
09 December 2019
Provident Financial plc announces the appointment of Neeraj
Kapur as Chief Finance Officer
Provident Financial is pleased to announce the appointment of
Neeraj Kapur as Chief Finance Officer, Provident Financial plc.
Neeraj will join the Board and start as Chief Finance Officer on 1
April 2020. Simon Thomas, Chief Finance Officer, Provident
Financial, as previously announced on the 30(th) July 2019 (RNS
Number:1086H) informed the Board he was stepping down from the role
for personal health reasons following the 2019 preliminary results
announcement in 2020.
Neeraj Kapur is Group Chief Financial Officer of Secure Trust
Bank plc, a UK retail and SME bank. He has a strong retail banking
background, including consumer finance and savings products
expertise. His appointment follows a thorough process conducted by
the Nomination Committee with the assistance of a leading executive
search firm.
Malcolm Le May, Chief Executive Officer, Provident Financial
said:
"I am very much looking forward to Neeraj Kapur joining
Provident Financial as Chief Finance Officer. He has deep retail
banking, consumer finance and savings experience and expertise, and
will be an excellent addition to the senior leadership team as we
continue to re-establish Provident Financial as the market leading
sub-prime lender. Simon has been a great Chief Finance Officer, and
on behalf of the Board I would like to thank him for everything he
has achieved and wish him all the best for the future."
Neeraj Kapur said:
"I am delighted to be joining Provident Financial as its new
Chief Finance Officer. I look forward to working with Malcolm and
the Board as we enact Provident Financial's social purpose of
lending responsibly to the underserved, execute its strategy and
deliver sustainable returns to its 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.
Enquiries:
Media
Richard King, Provident Financial 0203 620 3073
Nick Cosgrove/Simone Selzer,
Brunswick 020 7404 5959
Investor Relations
Simon Thomas, Provident Financial 0203 620 3687
investors@providentfinancial.com
Notes to Editors
1 . Provident Financial plc is a leading provider of credit
products which provide financial inclusion for those consumers who
are not well served by mainstream lenders. The Group serves 2.4
million customers and its operations consist of Vanquis Bank,
Moneybarn, and the Consumer Credit Division (CCD) comprising
Provident home credit and Satsuma.
2. Neeraj Kapur was appointed Group Chief Financial Officer of
Secure Trust Bank in 2011. Neeraj has over 25 years' financial
services experience spent in both the accounting and banking
industries. He holds a degree in Aeronautical Engineering from
Imperial College, London, is a fellow of the Chartered Institute of
Bankers in Scotland, a fellow of the Institute of Directors, a
fellow and a past member of the Council of the Institute of
Chartered Accountants in England & Wales ('ICAEW'), and a
previous Chair of the ICAEW Financial Services Faculty. Neeraj
qualified as a Chartered Accountant in 1993 at Arthur Andersen and
spent 11 years working in professional practice. He joined Royal
Bank of Scotland ('RBS') in 2001 where he performed a number of
roles which included Chief Financial Officer of Lombard North
Central PLC. His background has given Neeraj experience in
accounting, finance, professional services, governance, operations,
marketing and risk.
3. Simon Thomas joined the Board Provident Financial plc on
3(rd) December 2018 as Chief Finance Director. He was previously
Group Chief Financial Officer of Just Group plc. Simon has over 30
years' experience in the UK life assurance industry and financial
services, and is a Chartered Accountant.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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