Distribution Finance Capital Holdings plc announced the following board changes, subject to regulatory approval: Nicole Coll will be joining the board as an independent non-executive director with effect from 16 May 2022. Nicole is currently chief financial officer of STM Group plc and a non-executive director of Dudley Building Society where she is deputy chair and senior independent non-executive director and chairs the audit committee. Nicole is a qualified Chartered Accountant with over 20 years' global financial services experience including service as Chief Finance Officer at Bank and Clients PLC, Chief Financial Accountant at the Bank of England, and senior finance roles at Société Générale.

Sheryl Lawrence will also be joining the Board with effect from 16 May 2022 as Senior Independent Non-Executive Director and Chair of the Board Risk Committee. Sheryl is currently an independent non-executive director of Morses Club plc and RCI Bank UK Limited where she chairs the remuneration & people committee. She also chairs the board audit committees of both firms. Sheryl is a chartered accountant and holds an MBA from London Business School and an LLM from the Institute of Advanced Legal Studies.

She has held senior executive roles at Barclays, Lloyds Bank, Santander, Coventry Building Society, Nationwide Building Society, and Provident Financial Group. Sheryl began her banking career at NatWest Bank in 1996, after 11 years' multi-sector experience with Coopers & Lybrand. Carole Machell has confirmed to the company that she will not be seeking re-election by shareholders at the forthcoming Annual General Meeting of the Company, and consequentially will be stepping down from the Board with effect from the conclusion of that meeting, to be held on 15 June 2022.

Following Carole Machell stepping down from the Board, Nicole Coll will Chair the Board Audit Committee.