26th Oct 2020 11:54
H&T Group PLC - Surrey, England-based pawnbroker - Promotes Executive Director Chris Gillespie to chief executive officer, replacing long-time CEO John Nichols, who will retire on December 31 after nearly 24 years with the company. Gillespie joined H&T in September, having been managing director of the Consumer Credit division of Provident Financial PLC. Gillespie will become CEO on January 1, but Nichols will remain as a consultant for six months. "John executed a management buyout of the firm in September 2004 and was instrumental in its subsequent successful flotation onto the AIM market," commented H&T Chair Peter McNamara. "At the time of the flotation we had 69 branches, and now we are at 252 branches which is a testament to John's drive and effort. We have over that time become the leading pawnbroker in the UK under his leadership."
Current stock price: 227.00 pence
Year-to-date change: down 33%
By Tom Waite; [email protected]
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