Steve Box, International Chief Executive, to leave the business

Bibby Financial Services (BFS) today announces a re-structure of its global executive team to further enhance its strategy to focus and grow its operations in key markets around the world.

As a result of the changes, Ted Winterton will become Chief Executive, UK moving from his current position of UK Commercial Director. Ian Watson will expand his role to become Chief Executive, North America to now incorporate responsibility for Canada, whilst Richard Carter will move into the newly created role of Chief Executive, Europe and Asia. All new appointees will be members of the Global Executive Committee (ExCo), and report directly to Global Chief Executive, David Postings. Ted Winterton will also join the Global Board.

Commenting on the changes, David Postings said: “Over the past twelve months, we have made significant strides in delivering our business strategy which has resulted in growth across the vast majority of our markets and the resurgence of our operations in America. The structure that we are putting in place builds on our international capabilities to deliver one joined up global business whilst still recognising key geographic territories and income-generating operations.”

As a result of the re-structure, the international division of BFS will cease to operate. Steve Box, International Chief Executive, has therefore decided to leave the business with immediate effect.

David Postings continued: “Steve’s efforts, expertise and energy have been invaluable in delivering our strategy to date. The business across the world has benefited from his hard work and we are very grateful for all that he has done to help guide the teams to where we are today.”

Steve Box added: “The international division has played an important role in helping to successfully deliver our global strategy. Given the advances we have made, it is timely that we disband the division and focus on strengthening the voices of our distinct markets in our global executive team. I therefore leave Bibby Financial Services proud of the progress that we have made and wish the very capable team all the very best for the future.”

In other executive moves, Carol Roberts, Managing Director of Leasing in the UK, will now report directly to David Postings and join the Global Executive Committee.