Edition:
United Kingdom

Provident Financial PLC (PFG.L)

PFG.L on London Stock Exchange

665.40GBp
17 Aug 2018
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Summary

Name Age Since Current Position

Stuart Sinclair

64 2018 Interim Non-Executive Chairman of the Board

Malcolm Le May

60 2018 Group Chief Executive Officer

Andrew Fisher

60 2006 Finance Director, Executive Director

Kenneth Mullen

59 2017 General Counsel, Company Secretary, Director

Angela Knight

66 2018 Non-Executive Director

Andrea Blance

53 2018 Senior Independent Director

Robert Anderson

59 2009 Independent Non-Executive Director

Elizabeth Chambers

55 2018 Independent Non-Executive Director

Paul Hewitt

2018 Independent Non-Executive Director

John Straw

58 2017 Independent Non-Executive Director

Gary Thompson

Group Financial Controller and Head - Investor Relations

Biographies

Name Description

Stuart Sinclair

Mr. Stuart Sinclair is no longer Interim Non-Executive Chairman of the Board of Provident Financial plc., effective 21st September 2018. Mr. Stuart Extensive experience in financial services in the UK and overseas. 10 years in US-based management consulting, 14 years as CEO or equivalent in retail banking organisations and seven years on financial services boards. His Previous board and management experience: Chairman of GE Capital China and GE Capital Bank (UK), chief executive officer of Tesco Personal Finance, director of Virgin Direct, director of Retail Banking at The Royal Bank of Scotland, non-executive director at Liverpool Victoria and TSB plc and council member of the Royal Institute for International Affairs (Chatham House). His Current external appointments: Senior independent director of Swinton Group Limited, QBE Insurance (Europe) Limited and QBE Underwriting Limited, non-executive director of Lloyds Bank plc, Lloyds Banking Group Limited, Bank of Scotland plc and HBOS plc.

Malcolm Le May

Mr. Malcolm J. Le May has been appointed as Group Chief Executive Officer of the Company. He was Interim Executive Chairman of the Board, Group of Provident Financial plc. Mr. Malcolm has over 30 years experience in banking, asset management and insurance. His Previous board and management experience: Co-head of banking for Barclays in New York; head of investment banking, Europe at UBS, global head of corporate and investment banking at ING Barings, deputy CEO at Morley Fund Management (now Aviva Investors), president of JER Europe, senior independent director of Pendragon plc and non-executive director of RSA Insurance Group plc. His Current external appointments: Senior independent director of IG Group Holdings plc, non-executive director of Hastings Group Holdings plc, governor of Twyford School, senior advisor to Heidrick & Struggles, trustee of the Grange Festival and partner at Opus Corporate Finance and Juno Capital LLP.

Andrew Fisher

Mr. Andrew C. Fisher is a Finance Director, Executive Director of Provident Financial PLC. His key achievements are Renegotiating and refinancing the group’s core bank facility resulting in an increased facility of £450m, an uplift of £67.5m, with a maturity date of May 2020. Assisting and advising the nomination committee on the recruitment of a new non-executive director to assume the role of audit committee chair in 2017. Overseeing the submission of the group and Vanquis Bank ICAAP to the PRA. Ensuring the audit partner rotation was effectively implemented. Realigning the role and responsibilities of the risk advisory group and the risk advisory committee which inter alia included transferring the review and reporting of conduct risk across the group from the risk advisory committee to the risk advisory group. His Previous board and management experience: Finance director of Premier Farnell plc and partner at Price Waterhouse LLP. His Current external appointments: Non-executive director of Arrow Global Group plc.

Kenneth Mullen

Mr. Kenneth J. Mullen is a General Counsel, Company Secretary, Director of Provident Financial PLC. His key achievements include : Reorganising the property and employment legal teams. Developing a legal risk register and creation of a legal audit function. Negotiating Heads of Terms to secure the redevelopment of the premises adjacent to the group’s head office in Bradford. Overseeing the group’s participation in the Legal Social Mobility Partnership Work Experience Programme for 26 students from local schools in Leeds. Joining the GC100 and taking part in a number of events. His Previous board and management experience: Company secretary and general counsel of Premier Farnell plc, Silentnight plc and Whessoe plc. His Current external appointments: Chairman of Rexel UK Limited Pension Scheme.

Angela Knight

Ms. Angela Ann Knight, CBE, is Non-Executive Director of the Company. She was Non-Executive Director of Taylor Wimpey plc.

Andrea Blance

Ms. Andrea Blance is an Independent Non-Executive Director of the Company. Andrea has held a variety of finance roles during a 29 year career at Legal & General Group plc. Latterly she led the strategy and marketing functions and prior to this she was group chief risk officer where she led contact with the regulator. She is a fellow of the Association of Chartered Certified Accountants and holds degrees from the London School of Economics and City University. Her experience of conduct risk and the regulatory agenda, particularly regarding customer outcomes, will be invaluable to the group in the current regulatory environment. Her Current external appointments: Non-executive director at Scottish Widows and Lloyds Banking Group’s insurance division where she also chairs the risk oversight committee.

Robert Anderson

Mr. Robert William Anderson is an Independent Non-Executive Director of Provident Financial PLC. He has Extensive retail experience and knowledge of the type of consumer served by the group. Operational business experience which is relevant to the group’s businesses. His Previous board and management experience: Director of childrenswear business unit of Marks & Spencer and chief executive of Signet Jewelers Limited’s UK Division.

Elizabeth Chambers

Ms. Elizabeth Grace Chambers is Independent Non-Executive Director of the Company. Elizabeth G. (Libby) Chambers will chair the new Board committee focused on customer, culture & ethics. The committee will drive forward changes in behaviours, practices and attitudes across the group, and is expected to be formed in 2018. Libby is an experienced senior financial services executive, strategist and marketing leader in the UK and globally. She serves on the Board of Smith & Williamson, the wealth manager and professional services firm, and is on the Advisory Boards of several fintech and software start-ups, including Datami, Loyalty Angels (Bink) and Digi.me. Her previous roles include serving as Chief Strategy, Product and Marketing Officer at Western Union, Chief Marketing Officer of Barclays Global Retail & Commercial Banking and Barclaycard, and leading Barclaycard's co-branded card issuing business in the UK. Earlier in her career, she held other executive committee-level roles in financial and professional services, and was a Partner in the Financial Institutions practice of McKinsey & Company. She was previously a Non-Executive Director of Dollar Financial Group in the UK, hibu plc (formerly Yell Group Plc) and the Home and Savings Bank, and led the boards of Barclays' JVs with Argos, Thomas Cook and Solutions Personal Finance (Littlewoods).

Paul Hewitt

Mr. Paul Hewitt is Independent Non-Executive Director of the Company. On his appointment, Paul Hewitt will become chair of the Audit committee, taking over from Andrea Blance, who will remain on the committee. Paul is an experienced Chief Financial Officer (CFO), Chairman and Non-Executive Director. He was the Deputy Chief Executive and CFO of Co-operative Group, and has chaired audit committees for Tokio Marine, Kiln, NEST Corporation, Tesco Bank, Collins Stewart Hawkpoint, Co-operative Banking Group and GMT Global Aviation. He is currently Chairman of Roberts Jackson Group Limited and Kintell Limited, Non-Executive Director and Audit committee Chairman of Charles Taylor plc and Non-Executive Director of Playtech plc (a role from which he is expected to step down from with effect from 1 August 2018) and Kintell Limited.

John Straw

Mr. John Straw has been appointed as Independent Non-Executive Director of the Company, effective 1 January 2017. John is an experienced digital entrepreneur who has a deep understanding of technology disruptors, digital transformation and adoption curves as it relates to companies and their digital channels. His Previous board and management experience: Founder and chief executive officer of NetRank Ltd. Head of the digital advisory board of Premier Farnell plc, various digital transformation positions at Internet Marketing Ltd and chairman of the digital advisory board of Thomas Cook Group plc. His Current external appointments: Senior advisor, digital transformation, at Mckinsey & Co, senior advisor at IBM, non-executive director of CTRLio Ltd and advisor to Bought By Many Ltd.

Gary Thompson

Basic Compensation