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Principale » Provident Financial executive chairman Manjit Wolstenholme dies

Provident Financial executive chairman Manjit Wolstenholme dies

24 Novembre 2017

An ICAEW chartered accountant, she also joined the five-strong band of women FTSE 100 chairman when she was appointed executive chairman of Provident Financial in August this year.

Wolstenhome took over at the helm at the troubled sub prime lender after the resignation of chief executive Peter Crook following a failed attempt to restructure its home credit business. The thoughts of everyone at Provident are with Manjit's family and friends, and we extend our deepest sympathies to them.

She previously worked at Dresdner Kleinwort Wasserstein, where she rose to become co-head of investment banking.

"It was a great privilege to know her personally and to work alongside her over the last few years". She has shown exceptional leadership in stepping up to the role of executive chairman over the last few months, ' Le May added.

Wolstenholme's roles included senior independent director at the publishing group Future and Unite Group, the student housing specialist. She was appointed as Provident's non-executive chairman in 2014, after joining its board in 2007.

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"It was a pleasure working alongside Manjit over the last seven years, and she will be very much missed".

"I can assure you I have the time necessary", she told the Times.

The firm revealed last month that it would book heavy losses at its consumer credit business this year, but claimed that it is making progress with a turnaround plan.

Shares in Provident, which has around 2.5 million customers, were marginally lower in morning trading on the London Stock Exchange.

Provident Financial executive chairman Manjit Wolstenholme dies