Provident Financial announces Robert East and Graham Lindsay to its Board as Non-Executive Directors

– UK, Bradford –  Provident Financial plc (LON:PFG) today announced the appointment of Robert East as Non-Executive Director of Provident Financial plc and Chair of Vanquis Bank, subject to regulatory approvals, and the appointment of Graham Lindsay who will replace John Straw and whose appointment as Non-Executive Director will be effective from 1st April 2019. Graham Lindsay will also become a member of the Audit, Group Risk, Remuneration and Nominations Committees.

Patrick Snowball, chairman of Provident Financial plc said: “The appointment of Robert and Graham will bring further consumer finance, retail banking and regulatory experience and expertise to the Board. They each have a deep understanding of the importance of ensuring that our particular market is served correctly and in the right way in the current regulatory environment. Both appointments will bolster the capabilities of the Board, and, on behalf of the Board, I welcome them and look forward to working with them on the future of the group as we deliver for all our stakeholders.”

About Robert East

Robert is chairman of Skipton Building Society, a Non-Executive Director at Hampshire Trust Bank, where he chairs the Risk Committee, and a director of Welcome Financial Services Limited. Robert brings a wealth of experience to the Board and to the Bank as an experienced former CEO, Non-Executive Director and Chairman, following his executive career in Barclays, where he held Senior Risk and Business Leadership roles, and Cattles, where he led its restructuring from 2009 and was its Chief Executive from 2011 until completion of its wind down in 2016.

Robert brings more than 40 years’ experience in, and understanding of, retail and commercial banking in the UK and internationally. During his 32 years at Barclays Bank he was Chief Risk Officer of Absa South Africa amongst other roles. He’s had a number of leadership roles in retail and commercial banking, including the leadership of Cattles Limited’s restructuring from 2009 and as its chief executive from 2010 until completion of its wind down in 2016. He is chairman of Skipton Building Society and a Non-Executive Director of Hampshire Trust plc.

About Graham Lindsay

Graham is currently a Non-Executive Director on the board of OneFamily, a financial services mutual where he chairs the Remuneration Committee and the Customer, Member and Product Committees. He is also a Vice Chair and Trustee of the Brain Tumour Charity. Graham joined the Wonga UK Boards in 2016 as part of the new leadership team engaged to improve the business and deliver change. Graham brings extensive experience in commercial and retail banking following a 40 year career at Lloyds Bank.

Graham is a Non-Executive Director on the board of OneFamily, a Vice Chair and Trustee of the Brain Tumour Charity, and a consultant to Trustees Unlimited. He was a Non-Executive at Vista, a communications agency, until October 2018 following its successful sale. Prior to this, he was a Non-Executive Director on the Wonga UK Boards from 2016. Graham’s executive career was with Lloyds Banking Group, where he held a number of group leadership roles at the very senior levels of the organisation. Graham has deep retail banking experience developed over a 40-year career with Lloyds Bank.

About Provident Financial

Provident Financial plc is a leading provider of credit products which provide financial inclusion for those consumers who are not well served by mainstream lenders. The Group serves 2.4 million customers and its operations consist of Vanquis Bank, the Consumer Credit Division comprising Provident Home Credit and Satsuma, and Moneybarn.

For more information : https://www.providentfinancial.com

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