Provident Financial’s CEO to take leave of absence for medical reasons

Maria Nikolova

Malcolm Le May will be taking a short leave of absence from late September to undertake a planned heart procedure.

Provident Financial plc (LON:PFG) today announces that Malcolm Le May, Group Chief Executive, will be taking a short leave of absence from late September to undertake a planned heart procedure. Malcolm Le May is expected to return to his position in November.

During this interim period, Patrick Snowball, Group Chairman, will assume the role of Executive Chairman.

Malcolm Le May joined the Group as an independent Non-Executive Director, becoming Interim Executive Chairman in November 2017. He provided effective leadership to the Board, working with it to redefine roles and responsibilities, and initiated a process to ensure the Board had the right mix of skills, experience and diversity.

Prior to joining the Group, he held a number of senior positions within banking, including as Co-Head of Banking for Barclays in New York; Head of European Investment Banking at UBS; and Deputy CEO at Morley Fund Management (now Aviva Investors).

His previous experience in the boardroom includes being a Non-Executive Director of RSA plc and Hastings Group plc, Senior Independent Director of Pendragon plc, and a Senior Advisor to Ernst & Young and Heidrick & Struggles.

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