– UK, London – Distribution Finance Capital Holdings plc (LON: DFCH) today announced the appointments of Stephen Greene and Haakon Stenrod to its Board of Directors as Non-Executive Directors, effective today.
The appointments are consecutive to the relationship agreements with the two largest shareholders, Arrowgrass Master Fund Limited and Watrium AS, entitled to appoint representative directors to the Board for as long as their shareholdings exceed agreed percentage thresholds.
“The Board is delighted to welcome Stephen and Haakon as Non-Executive Directors and looks forward to working with them in supporting DFC’s strategic ambitions,” said Board Chairman John Baines.
The Company also announces that Henry Kenner and James van den Bergh will be stepping down from the Board with immediate effect. Henry has been involved with DFC since its inception and has played an important part in the execution of the Company’s strategy during that time. Alongside Henry, James joined the Board of DFC as a non-executive Director in the run-up to IPO in May 2019 to assist the Company as it transitioned from being a subsidiary of TruFin PLC to an independent company admitted to AIM. Henry is Chairman and James is CEO of TruFin plc and both remain shareholders of DFC.
Chairman John Baines commented: “The entire firm is grateful to Henry and James for their support and advocacy of DF Capital. Without their enthusiasm and belief in the founders’ vision, much of what has been achieved by the company would not have been possible. Both have proven exceptional board colleagues and their wise counsel and experience has been valued by the entire board. Specifically, in relation to Henry, we appreciate him stepping in as Interim CEO last year and ensuring strategic momentum was not lost whilst we recruited a new permanent CEO and continued to progress the banking licence application. We wish both Henry and James well in their other commercial engagements beyond DFC.”
About Stephen Greene
Mr Greene has investment banking, investing and capital markets experience, previously holding positions at Keel Harbour Capital Limited, Arrowgrass Capital Partners, RMG Wealth Management, ACPI Investments and Deutsche Bank. Recently he has transitioned into more technology-focused roles, specifically within financial services and artificial intelligence, and currently serves as Managing Director of Orsus Ventures Limited and Coleura Labs Limited and formerly served as Managing Director of Satalia. Mr Greene has a Money, Banking and Finance degree from the University of Birmingham and is a Chartered Financial Analyst charterholder.
About Haakon Stenrod
Mr Stenrod is an Investment Director at Watrium AS. He was previously a partner with the leading Nordic investment banking group ABG Sundal Collier. He has broad transaction experience in M&A, equity capital markets, debt and restructuring advisory. He holds an M.Sc. in Industrial Economics and Technology Management from the Norwegian University of Science and Technology.
For more information: https://www.dfcapital.co.uk
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