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Provident Financial Announces Neeraj Kapur as its new CFO

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Provident Financial plc has recently announced the appointment of Neeraj Kapur as its new Chief Financial Officer in replacement of Simon Thomas with effect from April 1.

Provident Financial plc is a British sub-prime lender, also described as a “doorstep lender”, based in Bradford, West Yorkshire. It specialises in credit cards, home collected credit, online loans and consumer car finance.

Kapur has been drawn away from Secure Trust Bank PLC where he worked as CFO for eight years. He will leave the firm on March 31 and Secure Trust added that it has kicked off a search to find his successor.

Speaking on the appointment, Chief Executive Provident Financial Malcolm Le May said: “I am very much looking forward to Neeraj Kapur joining Provident Financial as chief finance officer. He has deep retail banking, consumer finance and savings experience and expertise, and will be an excellent addition to the senior leadership team as we continue to re-establish Provident Financial as the market leading sub-prime lender.”

The FTSE250 listed firm said that Thomas would be stepping down in 2020, which followed a three month period of medical leave which he took earlier this year.

Provident Financial hit news headlines earlier this year, as Non Standard Finance saw a bid rejected for a potential merger deal.

In a time where the global banking and finance industry is looking rather gloomy, the new appointment should be a point of positive for the firm.

Only a few days back Moody’s lowered the UK banking outlook from stable to negative, which reflected a host of political and economic uncertainties which shroud UK business.

Inevitably, the appointment is a step in the right direction for Provident Financial. However external factors such as Brexit complications, the upcoming general election recently and the ongoing feud between the United States and China have weighed heavily onto the dampening of recent trading.

 

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Paga names Cleverly as new Group CFO

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Nigerian mobile money company, Paga, has announced the appointment of Ian Cleverly as its new Group Chief Financial Officer.

Cleverly is expected to take charge of the company’s London office. As stated by the company, he will be responsible for Finance, Risk, Compliance, and Internal Audit functions across countries of operations.

Speaking on the appointment, Founder & Group Chief Executive Officer, Paga, Tayo Oviosu, expressed optimism as he welcomed the new Group CFO to the team.

“In our search for a Group CFO, we were searching for a candidate who has strong finance and risk management acumen, could partner closely on strategy and fundraising with a focus on people development as we scale globally. Above all, we also wanted someone who aligned with our core values at Paga. I am pleased to say that we have found that person with these qualities in Ian.” Oviosu said.

On the development, elated Cleverly said he was looking forward to playing a key role in Paga’s growth and value creation.

Clevery began his career leading various finance departments at Procter & Gamble. He has over 20 years’ experience in senior financial, and operational management roles within the following sectors, Telecommunications, FMCG, and Mobile Payments across multiple countries and continents.

He joined Paga in November 2018 and has since then worked at the Paga Group office in London, United Kingdom.

Prior to joining Paga, Cleverly served as CFO and Executive Director at Maistro Plc, a B2B marketplace for online Procurement Services. Before that he was CFO for Hutchison 3G Ireland after which he served as CFO of Cable & Wireless Communications in Jamaica. He is a qualified Chartered Accountant (ACMA).

Cleverly’s vast experiences includes M&A, Disposals, Divestments, Corporate Restructuring, Business Transformation, Operationalizing Change, Legal Regulatory & Compliance, Strategy, Supply Chain, Fundraising and extensive International Board Level experience.

 

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Premier Foods appoints Duncan Leggett has its new CFO

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Premier Foods has announced the appointment of Duncan Leggett as chief financial officer (CFO) of the company.

Duncan joins the board following an executive search process and his appointment takes place with immediate effect.

Leggett joined Premier Foods in 2011, becoming a member of the executive leadership team on his appointment as acting CFO in August 2019.

Prior to this, he was director of financial control and corporate development, having previously held a number of senior roles within finance, including group financial controller.

Before joining Premier, he spent nine years at KPMG, working with clients across a variety of industries.

Commenting on the appointment, the chief executive officer, Alex Whitehouse, said that ,”Duncan’s extensive technical knowledge and experience of our business makes him an invaluable member of our executive leadership team, so I am delighted to appoint him permanently as CFO and welcome him onto the board.”​

“With this added business continuity, I look forward to continuing our work together as we increase our pace of delivery and ever sharpen our consumer, customer and operational focus​.”

Over the past year, the company has undergone several changes to its board, including the promotion of Whitehouse to CEO in August.

 

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MTN Nigeria appoints Modupe Kadri as its Executive Director and CFO

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Telecom giant, MTN Group is pleased to announce the recent appointment of Modupe Kadri as its new Executive Director (ED) and Chief Financial Officer (CFO). Kadri’s appointment was announced by the MTN Group recently and it will be effective March 1, 2020.

According to a statement signed by MTN Nigeria’s Company Secretary, Uto Ukpanah, he will be replacing the former CFO, Adekunle Awobodu whose departure was announced earlier.

Modupe Kadri has been with the MTN Group since 2007 (image source: Nairametrics)

Kadri has both Master’s and Bachelor’s degrees in Management and Economics from the University of Lagos. He is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) as well as the Association of Chartered Certified Accountants (ACCA).

Mr Modupe was the CFO for MTN Ghana for a period of five years. Within this period, Modupe received the Ghana Telecoms CFO of the Year Award four times – in 2015, 2016, 2018 and 2019.

Mr. Modupe Kadri was adjudged Telecoms CFO of the Year last year as Chief Finance Officer – MTN Ghana at the Ghana Finance Innovation Awards

Mr Modupe Kadri was adjudged Telecoms CFO of the Year last year as Chief Finance Officer – MTN Ghana at the Ghana Finance Innovation Awards

He joined MTN Nigeria in 2007 as the General Manager Finance Operations. He was appointed the General Manager, Financial Planning 6 years later. He served as the acting CFO for MTN Nigeria in 2014 for a period of 3 months after which he assumed the role of acting CFO, MTN Ghana.

His prior experience includes stints in a number of key player companies across diverse industry segment. This includes PricewaterhouseCoopers, Lafarge and Allied Pickfords.

Meanwhile, Omolara Micheal-Nwadu will assume the position of acting CFO for MTN Nigeria until Mr Modupe resumes in 2020.

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