Funding Circle Holdings PLC Funding Circle announces CEO transition (1882L)
09 Septiembre 2021 - 01:00AM
UK Regulatory
TIDMFCH
RNS Number : 1882L
Funding Circle Holdings PLC
09 September 2021
THIS ANNOUNCEMENT INCLUDES INSIDE INFORMATION AS DEFINED IN
ARTICLE 7 OF THE MARKET ABUSE REGULATION NO. 596/2014
Funding Circle announces CEO transition
Lisa Jacobs to succeed Samir Desai as CEO from January 1(st)
2022
Samir Desai to take on new role as Non-Executive Director
Funding Circle announces that Lisa Jacobs, Managing Director of
Funding Circle UK, is to succeed Samir Desai CBE as Chief Executive
Officer from January 1(st) 2022. After 12 years as CEO, Samir has
decided to step back from day-to-day activities at the end of this
year and transition to a new role as Non-Executive Director.
Lisa Jacobs joined Funding Circle in September 2012 as Chief
Strategy Officer and is currently Managing Director of Funding
Circle's UK business. Prior to joining Funding Circle, Lisa was a
financial services consultant at the Boston Consulting Group.
Today's announcement follows a record H1 2021 for Funding Circle
with total income of GBP120.6m, AEBITDA of GBP53.3m, and operating
profit of GBP35.5m.
Andrew Learoyd, Chair of Funding Circle said:
"Lisa has been a key part of the business for over 9 years. She
has done an exceptional job leading our U.K. business and we are
delighted she will take on the CEO role.
On behalf of everyone who works at Funding Circle, I also want
to recognise Samir Desai's achievement. I have had the pleasure of
knowing him since the early days of the business and have seen how
his passion and vision have helped build Funding Circle into a
highly innovative company transforming the borrowing experience for
thousands of small businesses. We are all delighted that Samir will
continue on the Board and contribute to the company he
created."
Samir Desai said:
"Funding Circle is in the strongest position it has ever been so
after 12 years as CEO I have decided that now is the right time to
step back from running the company and transition to a role on the
Board. I am delighted that Lisa will be our next CEO. I have worked
closely with her for the last 9 years and she will lead Funding
Circle to the next level.
As a founder, member of the Board and shareholder, I remain
fully committed to Funding Circle. I'm incredibly excited about our
future growth opportunities and I am looking forward to supporting
Lisa and the team in my new role."
Lisa Jacobs said:
"Funding Circle is an exceptional business. Since launching, we
have helped more than 120,000 businesses access GBP13 billion. This
has a huge societal impact - in 2020 alone the lending through our
platform contributed more than GBP10 billion to GDP and created and
sustained 135,000 jobs.
I feel privileged to have been asked to lead Funding Circle as
its new CEO. We have achieved a great deal as a company so far, but
the best is yet to come. Our machine learning and technology
platform is transforming the small business borrowing experience
and our new payment products, like FlexiPay, represent the next
step in our mission to solve more funding problems for small
businesses."
There is no additional information which is required to be
disclosed under rule 9.6.13 of the Listing Rules of the UK Listing
Authority.
Enquiries:
Investor Relations
David de Koning - Director of Investor Relations and Corporate
Affairs (0203 927 3893)
Media
Natasha Jones - Director of Communications (07956 057161)
Mike Smith / Stephen Malthouse (020 3805 4822)
About Funding Circle:
Funding Circle (LSE: FCH) is a small and medium enterprise
("SME") loans platform . Since launching in 2010, investors and
lenders across Funding Circle's geographies - including retail
investors, banks, specialty finance companies, asset management
companies, insurance companies, government-backed entities and
funds - have lent approximately GBP13 billion to c.120,000
businesses globally.
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END
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