11th Feb 2025 09:43
(Alliance News) - Fintel PLC on Tuesday said Matt Timmins will become sole chief executive officer as Neil Stevens plans to step down as joint CEO.
The Huddersfield, England-based provider of fintech and support services said Stevens has decided to step down at the end of June.
The company said he will continue in his current role during the interim period to "enact an orderly transition to individuals within the existing executive team".
Current Joint CEO Matt Timmins will take sole responsibility following the annual general meeting on May 20.
The firm said he will operate together with Chief Financial Officer David Thompson as executive directors.
Fintel said it remains "highly positive" about the business this year.
Non-Executive Chair Phil Smith said: "Since our market listing in April 2018, the structure of joint chief executive officers has worked effectively for the company, allowing us the capacity to execute our multi-strand strategy. It also provided us with embedded succession planning in the event that either incumbent was to leave the business.
"In Matt Timmins, we have an exceptional leader who is fully equipped to lead our business over the next phase of our strategic growth. Our strategy is firmly set and we are focused on executing it at pace to deliver returns for our shareholders."
Fintel shares fell 0.6% to 263.00 pence in London on Tuesday morning.
By Michael Hennessey, Alliance News reporter
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