Non-Standard Finance PLC Directorate Change (1112K)
31 August 2021 - 4:00PM
UK Regulatory
TIDMNSF
RNS Number : 1112K
Non-Standard Finance PLC
31 August 2021
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART
IN, INTO OR FROM ANY JURISDICTION WHERE TO DO THE SAME WOULD
CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH
JURISDICTION.
Non-Standard Finance plc
('NSF', 'Company' or 'Group')
Directorate change
31 August 2021
The Board of NSF announces that John van Kuffeler will step down
from his role as Group Chief Executive Officer with effect from 31
August 2021 and will cease to be a Director of the Company.
Jono Gillespie has been appointed as the new Chief Executive
Officer of the Company with effect from 31 August 2021 and a
process is already under way to appoint a replacement Group CFO. In
the meantime, Jono will continue to take responsibility for Group
finance, supported by our excellent subsidiary CFOs and the Group
team.
Jono has almost 25 years' experience in the non-standard
consumer finance sector and has worked at NSF plc for just over
five and half years. He most recently served as the Company's Group
Chief Financial Officer, having previously been the deputy CFO.
Before that he was CFO at Loans at Home, the Group's home credit
business that he joined in January 2016.
Prior to joining the Group, Jono was at Provident Financial plc
where he had held a number of senior management positions in the
Consumer Credit Division including CFO (six years) and Chief
Information Officer (four years) and so has extensive financial and
technology-related experience from working in the sector for many
years. Since joining the Board, Jono has been involved in all
aspects of the business and ensured we remain on course to complete
a substantial capital raise as planned.
Charles Gregson, Chairman of NSF plc said:
"Given the pending recapitalisation of the Company, we have
agreed with John van Kuffeler that we should accelerate the
long-planned leadership change and appoint Jono Gillespie as Group
CEO prior to commencing meetings with investors. I would like to
thank John for his vision in establishing the business, his
tireless championship of access to credit for all, and his
commitment to our customers and staff, especially through the
challenges of the pandemic."
John van Kuffeler said:
"Having hired Jono Gillespie into Loans at Home and supported
him into the Group CFO role, I am delighted that he will become the
new CEO of NSF. Jono has been heavily involved in all aspects of
the key workstreams as we work towards the execution of a
substantial capital raise and as founder of the business, I am
confident in his ability to lead the Company out of the pandemic
and into the future."
Jono Gillespie said:
"I am looking forward to leading NSF through the next phase of
development, starting with a substantial capital raise, that will
transform the Group's prospects and enable us to make the most of
the UK economic recovery for the benefit of our customers,
employees, agents and shareholders."
This announcement contains inside information. The person
responsible for making this announcement on behalf of the Company
is Peter Reynolds.
For more information:
Non-Standard Finance plc
Peter Reynolds, Director, IR and Communications +44 (0) 20 3869 9026
Maitland/AMO
Neil Bennett
Finlay Donaldson +44 (0) 20 7379 5151
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.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
BOAFFFIITTIIVIL
(END) Dow Jones Newswires
August 31, 2021 02:00 ET (06:00 GMT)
Non-standard Finance (LSE:NSF)
Historical Stock Chart
From Mar 2024 to Apr 2024
Non-standard Finance (LSE:NSF)
Historical Stock Chart
From Apr 2023 to Apr 2024