PCF Group taps Caroline Richardson for CFO

Consumer lending company PCF Group said on Friday that it had chosen Caroline Richardson to take over from Nick Price as the company's chief financial officer.

Richardson will replace Price, who has been interim CFO since September, and will also become a director of the group's PCF Bank, PCF Credit and Azule subsidiaries, subject to regulatory approval being received.

Prior to her appointment at PCF, Richardson acted as CFO for White Oak UK, where she was responsible for the company's finance and treasury teams and helped develop its response to the Covid-19 pandemic.

PCF Bank chief executive Scott Maybury said: "I would like to welcome Caroline Richardson to PCF Group and wish her every success in her new role. Her experience will be invaluable as we emerge from the pandemic and return to our strategy of strong portfolio growth. I would also like to thank Nick Price for his contribution to PCF as interim CFO over the last six months."

As of 0910 GMT, PCF Group shares were up 3.44% at 24.82p.