19th Feb 2021 13:27
Time Finance PLC (formerly 1pm PLC) - Bath, England-based finance provider to UK small & medium businesses - Hires Edward Rimmer as interim chief executive effective from when current chief Ian Smith - whose departure was announced in January - leaves by next Friday. Rimmer was chief operating officer of Time Finance until April 2020 and was previously UK CEO of Bibby Financial Services from 2007 to 2012.
"I am pleased that we have secured the services of Ed Rimmer as interim CEO of the group. Ed has extensive experience within the financial services sector and his specific knowledge of the Group from his time with us as group COO will enable him to take up the CEO responsibilities quickly and effectively. On behalf of the board, I wish to record our sincere thanks and appreciation for the leadership and guidance that Ian Smith has given to the group as CEO and he leaves with our best wishes for the future," says Chair John Newman.
Current stock price: 22.42 pence
Year-to-date change: down 12%
By Ife Taiwo; [email protected]
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