26th Jan 2007 07:00
Provident Financial PLC26 January 2007 NEW CHAIRMAN FOR PROVIDENT INTERNATIONAL BUSINESS The Board of Provident Financial plc announces that Christopher Rodrigues isjoining the Board as a deputy chairman and Chairman of the InternationalDivision with immediate effect. Following the demerger of the InternationalDivision, he will become the first Chairman of the International business whenit becomes a new public company. Mr Rodrigues, 57, has held a number of senior roles in internationalcorporations in the financial services sector and has first hand demerger andflotation experience. He is a former president and chief executive of VisaInternational and was chief executive of Bradford & Bingley when it demutualisedand became a public company. He was a founding Board member of the FinancialServices Authority, serving from 1998 to 2004. His new role is in addition to his chairmanship of Visit Britain and hisnon-executive directorship of Ladbrokes. John van Kuffeler, Chairman of Provident Financial, said: "Christopher's wealthof experience in international business makes him an excellent choice as thefirst Chairman of Provident Financial's International business. We are delightedhe is joining." Christopher Rodrigues said: "I am joining at an exciting time. The InternationalDivision is expanding rapidly and the demerger will enable a new focus to bebrought to a business which provides consumers with a product and service theyvalue." As previously announced, Provident Financial will give a full update on thedemerger when it presents its preliminary results for 2006 on March 7. Thedemerger is planned for the spring. Further information:Kevin Byram/Nigel Prideaux, Brunswick 020 7404 5959 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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