– UK, Bath – Time Finance plc (LON: TIME), the specialist finance provider, today announced the appointments of Tracy Watkinson and Paul Hird to its Board as Independent Non-Executive Directors with immediate effect.
Tracy and Paul will also join the Nominations, Remuneration, Audit, and Governance and Risk committees.
The Company also announced that Ron Russell and Julian Telling will step down from the Board at the AGM on 7 November 2023.
About Tracy Watkinson
Tracy Watkinson is an accomplished executive with more than 20 years of finance and commercial experience and currently serves as COO of Finance at NatWest Group. She began her career at PwC, before later moving into the finance sector, working for Barclays, UBS, and Credit Suisse. Tracy has significant experience as a COO in investment banking and is a business transformation expert. She has served in several non-executive and independent chair roles, within the finance and sporting sectors.
About Paul Hird
Paul Hird has a background of over 30 years in the finance sector, most recently as co-founder and CEO of Leumi ABL, an asset-based lender that provided over £500m of facilities to clients in the UK Mid-Market with assets of over £2.4 billion being funded annually. Paul is a seasoned non-executive and corporate finance professional with a broad base of experience and achievements in senior management, mergers and acquisitions, and strategic business planning.
About Time Finance
Time Finance’s core strategy is to focus on providing or arranging the finance UK SMEs require to fund their businesses. It offers a multi-product range for SMEs including asset, vehicle, loan, and invoice finance. While primarily an ‘own-book’ lender the Group operates a ‘hybrid’ lending and broking model enabling it to optimize business levels through the market and economic cycles.
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