REG - Fintel PLC - Executive Leadership Amendments

FintelAnnouncement

11/02/2025 07:15

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RNS Number : 5842W  Fintel PLC  11 February 2025

Fintel plc

 

("Fintel", the "Company", the "Business" or the "Group")

 

Executive Leadership Amendments

 

Transition to Single Chief Executive Officer Structure

 

Fintel (AIM: FNTL), the leading provider of fintech and support services to
the UK retail financial services sector, today announces a change to its
executive leadership structure with the departure of Neil Stevens, Joint CEO,
and the confirmation of Matt Timmins as the Chief Executive Officer of Fintel
plc.

 

Executive Director Changes

 

Joint CEO, Neil Stevens, has decided to step down from his executive
responsibilities as of the 30th of June 2025, and will not stand for
re-appointment to the Board of Directors at the AGM. In the interim period he
will continue with his current role and responsibilities and will enact an
orderly transition to individuals within the existing executive team, in
accordance with the Board's succession plan.

 

Following the AGM on 20(th) May 2025, Joint CEO Matt Timmins will take sole
responsibility as Chief Executive Officer of Fintel plc, supported by David
Thompson, Chief Financial Officer, together operating as the Executive
Directors of Fintel plc going forward.

 

The Board of Directors remain highly positive on the forward prospects for the
business this year, and across the medium term, as the business continues to
execute its strategy. The orderly nature of this transition underlines both
the executive strength held within the business and the quality of its
succession planning.

 

Phil Smith, Non-Executive Chairman of Fintel plc, said:

 

"Since our market listing in April 2018, the structure of Joint Chief
Executive Officers has worked effectively for the Company, allowing us the
capacity to execute our multi-strand strategy. It also provided us with
embedded succession planning in the event that either incumbent was to leave
to business.

 

In Matt Timmins, we have an exceptional leader who is fully equipped to lead
our business over the next phase of our strategic growth. Our strategy is
firmly set and we are focused on executing it at pace to deliver returns for
our shareholders."

 

Notice of Full Year Results

 

Fintel intends to announce its Full Year Results for the year ended 31
December 2024 on 18 March 2025.

 

 

For further information, please contact:

 

 Fintel plc                                     via MHP Group

 Phil Smith (Non-Executive Chairman)

 Matt Timmins (Joint Chief Executive Officer)

 David Thompson (Chief Financial Officer)

 Zeus (Nominated Adviser and Joint Broker)      +44 (0) 20 3829 5000

 Martin Green

 Dan Bate

 Investec Bank (Joint Broker)                   +44 (0) 20 7597 5970

 David Anderson

 Kamalini Hull

 MHP Group (Financial PR)                       +44 (0) 7736 464749

 Reg Hoare                                      Fintel@mhpgroup.com (mailto:Fintel@mhpgroup.com)

 Robert Collett-Creedy

 

Notes to Editors

Fintel is a UK fintech and support services business, combining
award-winning intermediary business support services, and leading research,
ratings and fintech businesses.

Fintel provides technology, compliance and regulatory support to thousands of
intermediary firms, data and targeted distribution services to hundreds of
product providers and empowers millions of consumers to make better informed
financial decisions. We serve our customers through three core divisions:

The Intermediary Services division provides technology, compliance, and
regulatory support to thousands of intermediary businesses through a
comprehensive membership model. Members include directly authorised IFAs,
Wealth Managers and Mortgage Brokers.

The Distribution Channels division delivers market Insight and analysis and
targeted distribution strategies to financial institutions and product
providers. Clients include major Life and Pension companies, Investment
Houses, Banks, and Building Societies.

The Fintech and Research division (Defaqto) provides market leading
software, financial information and product research to product providers and
intermediaries. Defaqto also provides product ratings (Star Ratings) on
thousands of financial products. Financial products are expertly reviewed by
the Defaqto research team and are compared and rated based on their
underlying features and benefits. Defaqto ratings help consumers compare and
buy financial products with confidence.

For more information about Fintel, please visit the
website: www.wearefintel.com
(https://protect.checkpoint.com/v2/r06/___http:/www.wearefintel.com/___.ZXV3MjpuZXh0MTU6YzpvOjM5NWVhNGE0NmUxZTgwNjY1NjQzNGY1NGMwMTcxNWJiOjc6MzQ5YTo4N2YwMDdmNmRiZWVjZGQyOTM1MWZkMDA0NmNkMmE2NWYxOGQ5MDZhOTY5NzdmMzMxMTFjMmJmY2MyODllOWJiOnA6VDpU)

 

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