Morses Club PLC – Retirement of Chief Financial Officer

Morses Club PLC, the UK’s second largest home collected credit lender, announces that its Chief Financial Officer, Andy Thomson, plans to retire from his role as CFO on 1 July 2019. Andy will remain as a Non-executive Director on the Board of Morses Club.

Andy was involved in the RCapital acquisition of Morses Club in March 2009, remaining on the Board as a Non-executive Director, with responsibility for financial management. Andy led the finance function during the acquisition and integration of Shopacheck Financial Services in 2014/15 before his appointment to full-time CFO in 2016.

A search for a suitable successor is well advanced and an announcement on the appointment will be made in due course (subject to satisfactory completion of customary checks).

Stephen Karle, Chairman of Morses Club, commented:

“Andy has been instrumental in building Morses Club into the UK’s second largest HCC lender and guiding the Company through its successful flotation in 2016. His analytical skills and financial judgement have been invaluable over the past ten years. On behalf of the Board, I would like to thank Andy for his efforts and look forward to working with him in his capacity as a NED. The Board has conducted a thorough process to identify a suitable successor and is pleased to have attracted a number of quality candidates.”

Andy Thomson, Chief Financial Officer of Morses Club, commented:

“It has been a privilege to work with Morses Club over the last ten years and see the transformation of the business into a leading lender in the non-standard finance market. I believe we offer essential products and services to our customers and I am very proud of the overwhelmingly positive feedback we receive from them. I am also proud of the Morses Club team and our culture which has always believed in treating customers fairly and I look forward to working with the Board in my new role.”