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(Sharecast News) - Distribution Finance announced the appointment of Sameera Khaliq as its chief financial officer designate on Thursday, effective 1 May, ahead of the planned retirement of current CFO Gavin Morris at the end of the year.
The AIM-traded firm said Khaliq would bring almost 20 years of experience in financial services and regulated lending, most recently serving in senior finance roles at Skipton Building Society.
She also held non-executive positions at Leeds Credit Union and Ecology Building Society, and had been advising a fintech start-up on its capital raising strategy.
Her formal appointment as CFO and executive director would be subject to regulatory approval and the completion of due diligence.
She would work alongside Morris during an extended handover period through to 31 December.
The company said a further announcement would be made in due course once the appointment is finalised.
"Sameera brings extensive financial leadership experience, covering all elements of the bank's balance sheet including regulated lending," said chief executive officer Carl D'Ammassa.
"Her experience working for high quality companies of significant scale, who, like DF Capital have demonstrated a strong focus on growth whilst optimising returns will be invaluable to us as we enter this next phase of our strategic plan.
"Whilst excited to see Sameera join us, I would also like to take this opportunity to thank Gavin again for his leadership and significant contribution to the company, which has helped us reach this exciting stage in our journey."
At 1435 BST, shares in Distribution Finance Capital Holdings were down 5.29% at 32.2p.
Reporting by Josh White for Sharecast.com.
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