15 Nov 2019 07:00
Non-Standard Finance plc
('NSF', 'Company' or 'Group')
Directorate change
15 November 2019
NSF announces that Nick Teunon, Group CFO, will step down from his role following the publication of the Group's 2019 full year results in March 2020 and will cease to be a Director of the Company.
Nick will be replaced by Jono Gillespie, current Deputy Group CFO at NSF, who will become Group CFO and join the NSF Board on Nick's departure. Jono has over 20 years' experience in non-standard finance having previously been CFO at Loans at Home, the Group's home credit business since January 2016. Prior to joining the Group, Jono was at Provident Financial plc where he had held a number of senior management positions in the Consumer Credit Division including CFO (six years) and Chief Information Officer (four years). Jono will also join the Boards of each of the Group's regulated subsidiaries as a non-executive director.
Commenting on today's announcement, John van Kuffeler, Group Chief Executive, said:
"I would like to thank Nick on behalf of the Board and indeed everyone at Non-Standard Finance for what has been an enormous and significant contribution to the Company. Nick has played an important role in the development of NSF's corporate and financial strategy and in helping us to build the strong portfolio of businesses that NSF now owns. He has been a valued member of the NSF team and we wish him every success for the future."
"We are also thrilled to have been able to appoint Nick's successor from within the NSF stable and wish to congratulate Jono Gillespie on his appointment as the Group's CFO that will take effect in spring 2020."
Nick Teunon, outgoing Group CFO said:
"It has been a pleasure to have been involved in the creation and development of NSF. The business has grown enormously since 2014 and it has a bright future. I am leaving with the company in a strong position to continue its growth and with an excellent team in place. I am delighted to pass on the CFO role to Jono as I pursue other interests outside non-standard lending."
For more information:
Non-Standard Finance plc Peter Reynolds, Director, IR and Communications | +44 (0) 20 3869 9026 |