Provident Financial has announced the appointment of Simon Thomas as Chief Finance Officer. Thomas will join the board and start as Chief Finance Officer on the 3rd December 2018.

Andrew Fisher, the current Finance Director will step down from the Provident Financial board when Thomas takes up his appointment, but will remain employed by the company for three months to provide an orderly handover.

Thomas was previously Group Chief Financial Officer of Just Group plc, an FTSE 250 financial services company. He has a strong financial services background, including consumer, retail banking and insurance experience. His appointment follows a thorough process conducted by the Nominations Committee with the assistance of a leading executive search firm.

Malcolm Le May, Chief Executive Officer, Provident Financial plc said “I am delighted Simon Thomas has been appointed as the new Chief Finance Officer. I look forward to working with him as we drive Provident Financial forward. On behalf of the board I would like to thank Andrew Fisher for his immense contribution, not only as Finance Director, but also as a Board member whose knowledge and insight has been invaluable to the group over many years.”

Andrew Fisher, Finance Director, Provident Financial plc said “Over the last 18 months Provident Financial has come through a very difficult period. With the company’s capital and liquidity position restored to one of strength, I have agreed with the Board that now is an appropriate time to step down as Finance Director. I would like to thank all those past and present talented colleagues who I have worked with over my 12 years at Provident Financial, many whom have become friends, and wish the company success for the future.”