Provident Financial PLC Appointment of Moneybarn Managing Director

Provident Financial (LSE: PFG)
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Friday July 24, 2020

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RNS number: 9285T

Provident Financial PLC

July 24, 2020

July 24, 2020

Provident Financial plc announces the appointment of David Shrimpton as Managing Director of Moneybarn

Provident Financial plc (Provident Financial) is pleased to announce the appointment of David Shrimpton as Managing Director of Moneybarn, its auto finance division, pending regulatory approval. After Shamus Hodgson's departure, he has been acting managing director of Moneybarn since March 2020.

David Shrimpton has excellent experience in banking and consumer finance, both customer service and operations. He joined Moneybarn in January 2019 as Director of Customer Experience. Previously, he was Group Customer Services and Operations Head at Wonga and Managing Director for Customer Services and Global Sales and Retention at Citibank.

Malcolm Le May, CEO of Provident Financial, said:

"David has done an excellent job as Managing Director of Moneybarn, guiding the company through the key early stages of the Covid 19 pandemic and into new operational dynamics as the lock slowly clears. I look forward to working with him We support our customers even in this difficult time and develop plans for the future of Moneybarn. "

David Shrimpton said:

"I am very happy to be the new CEO of Moneybarn. I think we have a strong future ahead of us if we continue to expand our business and fulfill our social purpose. Cars are not just a luxury, they are." An attitude to life for many people. We want to help even more customers buy the cars they need to get to work and get the most out of their family and commercial vehicles for small businesses. "

 
 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 for editors

1. Provident Financial plc is a leading provider of credit products that provide financial inclusion to consumers who are not well served by major lenders. The group serves 2.3 million customers and consists of Vanquis Bank, Moneybarn and the Consumer Credit Division (CCD), which includes Provident Home Credit and Satsuma.

2. David Shrimpton joined Moneybarn in January 2019 as Director of Customer Experience. From February 2016 to December 2018, he was Group Customer Services and Operations Head at Wonga. Previously, he worked for Citibank in various customer and operational functions for more than 17 years, most recently as Managing Director, Customer Services and Global Sales and Retention.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority as the primary information provider in the United Kingdom. Conditions for the use and distribution of this information may apply. For more information, please contact rns@lseg.com or visit www.rns.com.

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July 24, 2020 2:00 AM ET (6:00 AM GMT)

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