– UK, Bath – Time Finance plc (LON: TIME), the AIM-listed independent specialist finance provider, today announced the appointment of Edward Rimmer to its Board of Directors as Interim CEO, with immediate effect.
“I am pleased that we have secured the services of Ed Rimmer as Interim CEO of the Group. Ed has extensive experience within the financial services sector and his specific knowledge of the Group from his time with us as Group COO will enable him to take up the CEO responsibilities quickly and effectively.” said Non-Executive Chairman, John Newman.
Ian Smith stepped down from the role of CEO of the Group and it is anticipated that Ian will leave the Company and step down as a director of Time Finance not later than 26 February 2021. Ian will work until that date with Ed to complete an orderly handover of duties and regulatory responsibilities.
John Newman added: “On behalf of the Board I wish to record our sincere thanks and appreciation for the leadership and guidance that Ian Smith has given to the Group as CEO and he leaves with our best wishes for the future.”
About Ed Rimmer
Ed has worked within commercial finance for over 20 years and was previously Time Finance’s COO until April 2020 having joined the Group in 2017 as Managing Director of the newly established Commercial Finance Division comprising the acquired businesses of Gener8 Finance and Positive Cashflow Finance.
Before joining the Group, Ed was previously UK CEO and main board director of Bibby Financial Services Limited from 2007 to 2012, having joined the Bibby Financial Services Group in 1995 as a graduate trainee.
About Time Finance
Time Finance’s strategy is to focus on providing or arranging the finance UK SMEs require to fund their businesses and arranging vehicle and property-backed finance for consumers. The multi-product range for SMEs includes asset, vehicle, loan, and invoice finance facilities. The Group operates a “hybrid” lending and broking model enabling it to optimize business levels through the market and economic cycles.
For more information: https://timefinance.com/
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