Morses Club announces board appointments

Morses Club has announced a number of changes to its board.

Steve Curtis will join the board with effect from 5th November in the role of Interim Chair (non-independent), subject to FCA approval.

Curtis has extensive experience as a Chair and CEO across a broad range of sectors, including financial, and has direct knowledge of the credit sector. He has a proven track record and particular expertise in working with financial institutions and executive teams to effect business restructuring to drive growth.

Following an early career at a number of large UK businesses, which led to several board appointments, Curtis set up his own practice in 2012 and has since focused on the successful turnaround and growth of companies in the private equity space. Steve played a key role in the flotation of Morses Club on the AIM market in 2016 and since April 2022 has been helping the Company in a strategic advisory position.

Sheryl Lawrence will also take on the role of Deputy Chair with effect from 5th November, in addition to her roles as Senior Independent Director and Chair of the Audit Committee.

Additionally, Terry Baxter will join the board with effect as an Independent Non-Executive Director and Chair of the Risk Committee, subject to FCA approval. Baxter has extensive experience at Board level, having worked in a variety of roles for Target Group, ultimately as the Group Risk and Compliance Director, and as part of the leadership team of Grant Thornton’s Financial Services Group. Terry has conducted a number of skilled person reviews during his career covering a wide variety of topics such as compliance, risk management, responsible lending and financial crime.

Gary Marshall, Chief Executive Officer of Morses Club, said “We are delighted that both Steve and Terry have joined the Board during this period of significant change. Steve’s wealth of commercial experience, both directly in the credit sector and in wider consumer sectors, is directly relevant to Morses Club’s future business and funding strategy as we continue to work up the detail of a potential Scheme of Arrangement. Sheryl’s appointment as Deputy Chair, in addition to her other roles, adds further independence to the Board and Terry’s appointment brings particularly relevant experience during a period of transformation for the business.”