Time Finance plc announced the appointments of Tracy Watkinson and Paul Hird as Independent Non-Executive Directors of the Group with immediate effect. Tracy is an accomplished executive with more than 20 years of finance and commercial experience, and currently serves as Chief Operating Officer of Finance at NatWest Group. She began her career at PwC, before later moving into the finance sector, working for Barclays, UBS and Credit Suisse.

Tracy has significant experience as a COO in investment banking and is a business transformation expert. She has served in a number of non-executive and independent chair roles, within the finance and sporting sectors. Paul has a background of over 30 years in the finance sector, most recently as co-founder and Chief Executive of Leumi ABL, an asset-based lender that provided over £500m of facilities to clients in the UK Mid-Market with assets of over £2.4 billion being funded annually.

Paul is a seasoned non-executive and corporate finance professional with a broad base of experience and achievements in senior management, mergers and acquisitions, and strategic business planning. Tracy and Paul will be joining the Nominations, Remuneration, Audit, and Governance & Risk committees with immediate effect. The Company also announces that after many years of significant contributions to the Board, Ron Russell and Julian Telling, Non-Executive Directors of the Company, will step down from the Board on conclusion of the Company's AGM to be held on 7 November 2023.