Hewitt leaves the company to join troubled British lender Provident Financial.
Playtech plc, a technology provider in the finance and gambling industries, announced on Tuesday that Non-Executive Director Paul Hewitt would step down. His resignation will be effective from August 1, 2018.
According to the statement published on the London Stock Exchange, Hewitt is leaving the company after three years. Instead, he has joined Provident Financial plc, a British sub-prime lender, as a Non-Executive Director effective from today.
In addition, Paul will stand down as chair of the Board's Risk & Compliance Committee on August 1 as well. For this role, he will be replaced by Independent Non-Executive Director Claire Milne.
Commenting on Hewitt’s departure, Alan Jackson, Playtech plc's Chairman, said: "I would like to thank Paul on behalf of the Board and the Company.
“Over the last three years Paul's contribution has been of huge value to the Company during a period of strategic progress and diversification and we wish him every success in his future roles."
Hewitt moves to Provident Financial following a disastrous 2017. During the year the lender was forced to raise capital after facing a number of difficulties. This included a botched attempt at trying to modernise its business and regulatory investigations into its car finance and credit arms.
Today the lender released its interim results for the six months ended June 30, 2018. In the statement, the company said it is progressing with its turnaround plans. It also added it would restore its dividend by the end of this year.
Hewitt was not the only change to Provident Financial’s board. Patrick Snowball was appointed as the Chairman, effective from September 21, 2018, and Stuart Sinclair, the current Interim Chairman will retire from the Board. In addition, Angela Knight and Elizabeth G Chambers have also joined the Board as Non-Executive Directors, effective from Tuesday.
Paul Hewitt’s extensive career
Hewitt has had a long and extensive career in the finance industry. His roles over the years have ranged from Finance Director, Chairman, Partner, Non-Executive Director, Deputy Chief Executive and Co-Founder.
According to his LinkedIn, Hewitt kicked off his career as a Finance Director at Euromoney Institutional Investor, an international business-to-business information company, in 1998. He also held the same position in the following years at Redland plc and RAC plc.
In 2003, Hewitt was the Deputy Chief Executive at the Co-operative Group. Here he was responsible for the pharmacy, funerals, travel, legal, shoe retailing and department store businesses. Following this in 2007, he became the Chairman at YSC, a management consulting firm.
Throughout his career, Hewitt has been a Non-Executive Director at six companies. Currently, he holds that position at Charles Taylor plc in addition to Playtech. He is also the current Chairman of Roberts Jackson Solicitors and has previously been the Chairman of seven other companies, including YSC.
Playtech plc, a technology provider in the finance and gambling industries, announced on Tuesday that Non-Executive Director Paul Hewitt would step down. His resignation will be effective from August 1, 2018.
According to the statement published on the London Stock Exchange, Hewitt is leaving the company after three years. Instead, he has joined Provident Financial plc, a British sub-prime lender, as a Non-Executive Director effective from today.
In addition, Paul will stand down as chair of the Board's Risk & Compliance Committee on August 1 as well. For this role, he will be replaced by Independent Non-Executive Director Claire Milne.
Commenting on Hewitt’s departure, Alan Jackson, Playtech plc's Chairman, said: "I would like to thank Paul on behalf of the Board and the Company.
“Over the last three years Paul's contribution has been of huge value to the Company during a period of strategic progress and diversification and we wish him every success in his future roles."
Hewitt moves to Provident Financial following a disastrous 2017. During the year the lender was forced to raise capital after facing a number of difficulties. This included a botched attempt at trying to modernise its business and regulatory investigations into its car finance and credit arms.
Today the lender released its interim results for the six months ended June 30, 2018. In the statement, the company said it is progressing with its turnaround plans. It also added it would restore its dividend by the end of this year.
Hewitt was not the only change to Provident Financial’s board. Patrick Snowball was appointed as the Chairman, effective from September 21, 2018, and Stuart Sinclair, the current Interim Chairman will retire from the Board. In addition, Angela Knight and Elizabeth G Chambers have also joined the Board as Non-Executive Directors, effective from Tuesday.
Paul Hewitt’s extensive career
Hewitt has had a long and extensive career in the finance industry. His roles over the years have ranged from Finance Director, Chairman, Partner, Non-Executive Director, Deputy Chief Executive and Co-Founder.
According to his LinkedIn, Hewitt kicked off his career as a Finance Director at Euromoney Institutional Investor, an international business-to-business information company, in 1998. He also held the same position in the following years at Redland plc and RAC plc.
In 2003, Hewitt was the Deputy Chief Executive at the Co-operative Group. Here he was responsible for the pharmacy, funerals, travel, legal, shoe retailing and department store businesses. Following this in 2007, he became the Chairman at YSC, a management consulting firm.
Throughout his career, Hewitt has been a Non-Executive Director at six companies. Currently, he holds that position at Charles Taylor plc in addition to Playtech. He is also the current Chairman of Roberts Jackson Solicitors and has previously been the Chairman of seven other companies, including YSC.
Noel Quinn's Surprise Exit Marks End of an Era at HSBC
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
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#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
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20-22 MAY 2024
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#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
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#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
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