24th Jul 2020 10:14
(Alliance News) - Provident Financial PLC said Friday it has made David Shrimpton's position as managing director of its car finance unit Moneybarn permanent.
Shrimpton has been acting managing director of Moneybarn since Shamus Hodgson's departure in March.
Shrimpton, Provident said, has "excellent banking and consumer finance experience" in both customer service and operational roles. He joined Moneybarn in January 2019 as director of Customer Experience.
Prior to this, he was group Customer Services & Operations head at now-defunct payday lender Wonga, and managing director of Customer Services & Global Sales and Retention for US financial services firm Citibank, part of Citigroup Inc.
Provident Chief Executive Malcolm Le May say: "David has done a great job in his capacity as acting managing director of Moneybarn, leading the business through the key early stages of the Covid-19 pandemic and into a new operating dynamic as lockdown slowly unwinds. I look forward to working with him as we continue to support our customers through this difficult time and also as we develop plans for Moneybarn's future."
Shares in Provident Financial were down 0.3% in London on Friday morning at 166.70 pence each.
By Paul McGowan; [email protected]
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