Board of Directors The Board and its committees are considered to have an appropriate balance of skills, experience, independence and knowledge to ...
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Strategic Report Corporate Governance Financial Statements 41 Board of Directors The Board and its committees are considered to have an appropriate balance of skills, experience, independence and knowledge to enable them to discharge their respective duties and responsibilities effectively. Paul Smith Stephen Karle Graeme Campbell Chief Executive Chairman and Chief Financial Officer Non-Executive Director Officer Date of appointment Date of appointment Date of appointment 20 January 2015 20 January 2015 1 January 2021 Background and career Background and career Background and career Paul has experience in mobile payment Stephen is a Director of Karle & McCleery Graeme was previously the Chief Financial technology as Managing Director of EZ-Pay Limited, a strategic advisory and executive Officer of BrightHouse (a trading name of Limited, a pre-paid MasterCard organisation. coaching business operating across and Caversham Finance Limited) which provided Beginning his career in the global software beyond the financial services sector. For four rent-to-own and cash lending services to the UK market, he later joined Phones4U in 1998, years to 2015 he served as Chairman of BCRS consumer market. Graeme became the CFO of where he became MD and was an integral Business Loans Limited, an SME lending BrightHouse in 2018. He joined BrightHouse in member of the management team until the company supporting regional business growth. 2011 and held a number of roles including firm’s sale for £1.4bn in 2006. On 1 May 2018, He is a former CEO of West Bromwich Building Director of Finance as well as Strategy and Paul was appointed a member of the FCA’s Society and a (non-practising) solicitor. Digital Director, and Chief Information Officer, Smaller Business Practitioner Panel to Areas of expertise during which he spearheaded the financial, IT represent the consumer credit sector, and on Stephen’s financial services sector experience and emerging digital strategy of the business. 1 March 2021 he was appointed as a Board includes executive, general management and Prior to this, he held senior finance roles at Director of the Consumer Credit Trade board roles. He represents Morses Club PLC on Virgin Media and Thresher Group. Association. the Executive Committee of the Consumer Areas of expertise Areas of expertise Credit Association. Graeme brings a wealth of highly relevant Paul has been responsible for growing the sector and financial experience, along with Company organically and by acquisition. His broader digital and commercial skills, which will expertise in software and technology has been be invaluable to Morses Club as the Company invaluable in driving efficiencies while develops. maintaining excellent customer service levels.
42
Board of Directors continued
Gary Marshall Sir Nigel Knowles Joanne Lake
Chief Operating Senior Independent Independent Non-Executive
Officer Director Director
Date of appointment Date of appointment Date of appointment
22 July 2019 as COO. 14 April 2016 14 April 2016
1 May 2021 as Executive Director
Background and career Background and career Background and career
Since joining the Company, Gary has been Sir Nigel is a solicitor and CEO of global legal Joanne is a Chartered Accountant and a
responsible for leading the integration and business DWF Group PLC. Fellow of the Chartered Institute for Securities
development of the digital business, Shelby Sir Nigel is the former Global Co-Chairman and & Investment, and of the ICAEW, and is a
Finance Limited, including the delivery of new Senior Partner of DLA Piper, having served as member of the ICAEW’s Corporate Finance
platforms which can effectively meet customer Global Co-CEO and Managing Partner for Faculty. With over 30 years’ experience in
demand as the business grows. Gary has also nearly 20 years. He is credited with DLA Piper’s accountancy and investment banking, Joanne
taken on overall responsibility for the Group’s IT remarkable growth, leading the firm through has worked at Panmure Gordon, Evolution
and Change functions. a series of mergers and taking the firm from Securities, Williams de Broe and Price
Prior to joining the Company, Gary was Interim its regional origins to the global firm that it Waterhouse. She is Chairman of wealth
COO of Sainsbury’s Bank, a role he held is today. management and employee benefits
for almost two years, with a focus on IT, specialists Mattioli Woods PLC, Deputy
He received a knighthood in 2009 in
information security, call centres, operations Chairman of main market listed Henry Boot
recognition of his services to the legal industry.
and business change. Prior to this, he held PLC, and a Non-Executive Director of Gateley
Legal Business awarded Sir Nigel a ‘Lifetime (Holdings) PLC and Honeycomb Investment
various roles at Aviva plc, including Interim Achievement Award’ in 2015 and he was given
COO of Aviva Ireland and Interim Managing Trust PLC.
the Financial News’ ‘Editor’s Choice’ award for
Director of Aviva Life & Pensions Ireland where Areas of expertise
lifetime achievement in 2016. Sir Nigel is special
he quickly digitised the business, turning it Joanne’s financial services experience
advisor on international trade and investment
around to become the fastest growing insurer includes board level roles focusing on
to the City of Sheffield’s Mayor, Dan Jarvis, and
in Ireland. strategy and governance, as well as lead
served as the High Sheriff of Greater London
Areas of expertise advisory corporate finance roles on listings,
from 2016 to 2017. Until recently Sir Nigel was
Gary has wide-ranging financial services other public market transactions and
on the Council of The Prince’s Trust.
experience, having worked at senior levels in continuing obligations.
Areas of expertise
organisations including Egg plc, GE Capital, Sir Nigel has immense experience of building
Aon Ltd, Santander Plc, Vertex, Anglo Irish and leading a worldwide regulated services
Bank and Northern Rock. He has extensive business.
expertise in both developing and delivering
digitised product offerings, with significant
customer-focused experience often in
challenging regulatory and market conditions.
Morses Club Annual Report & Accounts 2021
Strategic Report Corporate Governance Financial Statements 43
Sheryl Lawrence Michael Yeates Andy Thomson Peter Ward
Independent Non-Executive Independent Non-Executive Non-Executive Non-Executive
Director Director Director Director
Date of appointment Date of appointment Date of appointment Date of Appointment
1 May 2021 1 May 2021 1 March 2009 (Non-Exec Finance 1 March 2015
Director), 1 March 2016 (CFO)
Interim CFO from 17 March 2020 to
31 December 2020. Non-Executive
Director from 1 January 2021
Background and career Background and career Background and career Background and career
Sheryl is a Chartered Accountant Michael is a career banker and has After graduating from Warwick Peter is the Co-Founder of RCapital
(FCA), and holds an LLM from the over 40 years’ experience in the University (accounting and financial Partners LLP and retired as an
Institute of Advanced Legal Studies financial services industry, serving in analysis) and qualifying as a active Partner in 2016. In 2001 he
and an MBA from London Business the building society, retail bank and Chartered Management Accountant co-founded his own corporate
School. She has held senior executive investment bank sectors. He has at Cadbury Schweppes and Tesco, advisory business, Three V Corporate
roles at Barclays, Lloyds Bank, extensive executive, board and Andy held a variety of senior finance Venturing LLP, to provide fundraising
Santander, Coventry Building Society, NED experience. roles in SMEs where he has been the and interim management services.
Nationwide Building Society and Throughout his career he has been most senior finance professional He had previously held senior
Provident Financial Group. Sheryl heavily involved in business continuously since 1996. Involved in management positions within the UK
began her banking career at NatWest transformation as both an employed the RCapital acquisition of Morses commercial and banking division of
Bank in 1996, after 11 years of executive and then as an independent Club in March 2009, he remained on Royal Bank of Scotland Group for
multi-sector experience with Coopers board consultant advising 40 or so the Board as a Non-Executive 23 years.
& Lybrand (now PwC). boards. He has international and Director with responsibility for Areas of expertise
Sheryl has been an Independent cross-industry experience and has financial management. Andy led the Peter has extensive experience of
Non-Executive Director of RCI Bank been involved in policy development for finance function during the acquisition working with management teams
UK since January 2019, where she is HM Government. Earlier, Michael spent and integration of Shopacheck across a broad range of
Chair of the Board Audit Committee 17 years at Cheltenham & Gloucester Financial Services in 2014/15, before business sectors.
and Chair of the Nomination and Plc, culminating in the position of his appointment as full-time CFO
Remuneration Committee. General Manager, helping to grow C&G in 2016.
Areas of expertise from the 16th largest building society On 1 July 2019, Andy retired from his
Sheryl has extensive experience into a Global 100 bank and the UK’s role as CFO and remained on the
of designing, integrating, and third largest lender. Board as a Non-Executive Director.
embedding governance, risk and Areas of expertise On 17 March 2020, Andy took on the
compliance into the culture, Michael brings extensive experience position as Interim CFO before
commercial strategies and operations of the retail banking sector. He is a returning to the role of Non-Executive
at banks, building societies and change leader with a career track Director on 1 January 2021.
consumer lending firms. record of leading significant business Areas of expertise
transformations who has consistently Andy’s analytical skills, expert
driven double-digit revenue growth knowledge of the sector and
and profitability. One of his personal independent-mindedness are key to
objectives is to make financial services providing continuity and protecting
accessible to a wider, less well served, shareholder interests.
sector of society.
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