Provident Financial PLC Appointment of new Managing Director of CCD (6020R)
01 Julio 2020 - 1:00AM
UK Regulatory
TIDMPFG
RNS Number : 6020R
Provident Financial PLC
01 July 2020
1 July 2020
Provident Financial plc announces the appointment of Hamish
Paton as Managing Director of its Consumer Credit Division
Provident Financial plc (Provident Financial) is pleased to
announce the appointment of Hamish Paton as Managing Director of
its Consumer Credit Division (CCD), subject to regulatory approval.
He will take over from Chris Gillespie, who is joining H&T
Group plc, a FTSE listed pawnbroker, having held the role since
August 2017.
Hamish Paton has a strong consumer finance background and
excellent sector knowledge, having served as CEO of Amigo Holdings
plc ('Amigo') from July 2019 until his resignation in December
2019, and prior to this as CEO of BrightHouse, from 2016 to 2019.
Hamish will join Provident Financial on 14 September, with Chris
leaving on 31 August. Arrangements have been put in place to allow
an orderly handover.
Malcolm Le May, Chief Executive Officer of Provident Financial,
said:
"I would like to thank Chris Gillespie for all that he has done
within CCD since he took over in 2017. Chris joined at a very
difficult time for the business and has done a remarkable job in
turning around its operations. The successful roll out of Provident
Direct under his leadership, for example, has allowed us to carry
on serving our customers during the Covid-19 crisis.
"I look forward to welcoming Hamish Paton when he joins
Provident Financial. His extensive sector experience, and existing
knowledge of our customer base, make him the ideal person to
continue the work needed to get CCD back to a position of strength
and profitability."
Hamish Paton said:
"I am delighted to be joining Provident Financial as Managing
Director of CCD and look forward to working with the excellent team
there. The Group's home credit business has existed for nearly 140
years and continues to enjoy excellent market share and strong
brand recognition within its customer base. I look forward to
developing CCD whilst incorporating the Group's strong sense of
social purpose, which places the customer at the heart of
everything it does."
Enquiries:
Media
Richard King, Provident Financial 0203 620 3073
Nick Cosgrove/Simone Selzer,
Brunswick 020 7404 5959
Investor Relations
Owen Jones, Provident Financial 07341 007 842
owen.jones@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 2.3
million customers and its operations consist of Vanquis Bank,
Moneybarn, and the Consumer Credit Division (CCD) comprising
Provident home credit and Satsuma.
2. Hamish Paton joined Amigo as CEO in May 2019, and resigned
from the Board in December 2019. He was CEO at BrightHouse from
October 2016 until March 2019, having previously been the
Commercial Director from 2006. Prior to working in consumer
finance, he held positions at Cable & Wireless and OC&C
Strategy Consultants.
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END
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