Newsroom

Board change at Provident Financial plc

The Board of Provident Financial plc announces that Chris Gillespie has stepped down from the Board and his role as Managing Director, Consumer Credit Division (CCD) with immediate effect to pursue career opportunities outside the group.  The Board wishes to thank him for his dedication and hard work over the last six years and wishes him well for the future.

Following this change, the executive directors of Provident Financial plc will include only the Chief Executive and Finance Director.

Chris is replaced as Managing Director, CCD, by Mark Stevens who will report to Peter Crook, Chief Executive.  Mark joined Provident Financial plc in September 2012 as Commercial Director, CCD, having held board level roles in retail financial services, consultancy and private equity.  Mark has the skills and experience to lead CCD through the next phase of its development.  The medium term repositioning of the business will involve broadening the customer and product proposition, including on-line lending, and driving greater operational effectiveness and cost efficiency through the roll‑out of mobile technology.

Peter Crook, Chief Executive commented:
"I would like to thank Chris for all his dedication and hard work in leading CCD through the last six years which have seen some challenging market conditions and I wish him well for the future.  Mark has already made a strong start in leading CCD’s commercial initiatives, in particular the development of its online proposition.  I’m looking forward to working closely with Mark to deliver the medium term agenda and drive improved performance”.

Enquiries: Gill Ackers/Eilís Murphy, Brunswick        020 7404 5959
                 Nick Boakes, Provident Financial plc       01274 351351