Business
Chief Exec appointment and Trading Update
Chief Exec appointment and Trading Update.
About this update from Distribution Finance Capital Holdings Plc
[{"type":"text","content":"\n \nRNS Number : 9741B Distribution Finance Cap. Hldgs PLC 05 February 2020 \n\n \n5th February 2020\n \nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU) NO.596/2014.\n \nDistribution Finance Capital Holdings plc\n(\"DFC\" or the \"Company\" or together with its subsidiaries the \"DFC Group\")\n \nChief Executive Officer Appointment and Trading Update\n \n \nThe Company today announces the appointment of a new permanent Chief Executive Officer and a trading update. This continues the Company's commitment to ensure shareholders are fully informed of developments and the extensive progress that is on-going.\n \nThe Company today is delighted to announce the appointment of a new permanent Chief Executive Officer, Carl D'Ammassa. Carl has over twenty years of experience in commercial finance within banks and finance companies. Most recently at White Oak, a specialist finance provider, Carl spent most of his career in senior management positions at Aldermore Bank and GE Capital.\n \nCarl joined Aldermore Bank in 2013 to lead the Asset Finance Business as Managing Director. In July 2015, Carl was promoted to become a Group Managing Director on Aldermore's Executive Committee, with responsibility for the Business Finance offering within Aldermore Bank. He was also part of the senior management team that successfully listed Aldermore on the London Stock Exchange in 2015. Carl left Aldermore to join White Oak in July 2019.\n \nCarl started his career with General Electric (GE) within equipment financing in the UK. He spent a little over ten years with GE in the UK where his final role with the company was the Chief Executive Officer for the Equipment Servicing Arm of the business.\n \nAfter GE Carl joined Hydrex, a supplier of heavy plant machinery, as Chief Operating Officer subsequently becoming the Chief Executive Officer. Following this he was UK Managing Director of Hitachi Capital Business Finance for a brief period prior to joining Aldermore Bank.\n \nCarl has an expected start date that will not be later than 31st March 2020. Carl has previously held a number of controlled functions at FCA and PRA authorised entities, including an Executive Director function at ...