Alfa Financial Software appoints David Stead to its Board as Independent Director

– UK, London –  Alfa Financial Software Holdings PLC (LON: ALFA), a leading developer of mission-critical software for the asset finance industry, today announced that David Stead has joined the Board as an independent, non-executive director with immediate effect.

About David Stead

A qualified accountant, David spent the early part of his career with KPMG and then The Boots Company, where he served as Finance Director for the main trading division, Boots The Chemists. He was CFO of Dunelm Group plc from 2003 to 2015. Current non-executive appointments include Card Factory plc, Joules Group plc and Naked Wines plc. David chairs the Audit Committee at Card Factory plc, Naked Wines plc and Joules Group plc, and is senior Non-Executive Director at Joules Group plc. David was also a member of Council at the University of Birmingham from 2015 to 2019 and is a regular facilitator on leadership development programmes run by Windsor Leadership.

David will immediately join the Audit and Risk, Remuneration and Nomination Committees of the Board and will take over from Karen Slatford as chair of the Remuneration Committee following the announcement of the Company’s half-year results.

About Alfa Financial Software Holdings PLC

Alfa has been delivering systems and consultancy services to the global asset and automotive finance industry since 1990. Our best-practice methodologies and specialised knowledge of asset finance mean that we deliver the largest software implementations and most complex business change projects. With an excellent delivery history over nearly three decades in the industry, Alfa’s track record is unrivalled.

Alfa Systems, our class-leading technology platform, is at the heart of some of the world’s largest asset finance companies. Key to the business case for each implementation is Alfa Systems’ ability to replace multiple client systems on a single platform. Alfa Systems supports both retail and corporate business for auto, equipment, wholesale and dealer finance on a multijurisdictional basis, including leases/loans, originations and servicing. An end-to-end solution with integrated workflow and automated processing using business rules, the opportunities that Alfa Systems presents to asset finance companies are clear and compelling.

Alfa Systems is used by customers in more than 25 countries and Alfa has offices in Europe, Asia-Pacific and North America.

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