February 2, 2018 / 7:14 AM / 21 days ago

BRIEF- Provident Financial Appoints Malcolm Le May As Group CEO

Feb 2 (Reuters) - Provident Financial Plc:

* DIRECTORATE CHANGE

* APPOINTS MALCOLM LE MAY AS GROUP CHIEF EXECUTIVE OFFICER

* ANNOUNCES APPOINTMENT OF MALCOLM LE MAY AS GROUP CHIEF EXECUTIVE OFFICER, WITH IMMEDIATE EFFECT

* THIS FOLLOWS A BOARD PROCESS LED BY STUART SINCLAIR OVER RECENT

* BELIEVES THAT MALCOLM LE MAY IS AN OUTSTANDING CANDIDATE FOR ROLE, GIVEN HIS EXISTING KNOWLEDGE OF GROUP

* HOME CREDIT CONTINUES TO MAKE GOOD OPERATIONAL PROGRESS

* AND DISCUSSIONS CONTINUE WITH FCA IN RELATION TO VANQUIS BANK AND MONEYBARN INVESTIGATIONS

* CHRIS SWEENEY, MD VANQUIS BANK, WILL CONTINUE TO FOCUS ON LEADERSHIP OF VANQUIS BANK AND SUCCESSFUL RESOLUTION OF ROP

* BOARD INTENDS TO APPOINT SWEENY AS DEPUTY GROUP CHIEF EXECUTIVE OFFICER IN ADDITION TO HIS VANQUIS BANK ROLE

* ANNOUNCES PERMANENT APPOINTMENT OF CHRIS GILLESPIE, MD CONSUMER CREDIT DIVISION

* APPOINTMENT OF STEVE GRIGG, AS INTERIM GROUP CHIEF INFORMATION & TECHNOLOGY OFFICER, TO DEFINE GROUP‘S LONG-TERM IT ARCHITECTURE

* HAS INSTIGATED A PROCESS TO APPOINT A NEW EXTERNAL CHAIRMAN AS WELL AS TWO ADDITIONAL NON-EXECUTIVE DIRECTORS AS SOON AS PRACTICABLE

* APPOINTMENT OF STUART SINCLAIR AS INTERIM CHAIRMAN, WITH STUART MOVING TO THIS ROLE FROM THAT OF SENIOR INDEPENDENT DIRECTOR Source text for Eikon: Further company coverage: (Bangalore.newsroom@thomsonreuters.com)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below