BFS restructures its global executive team

BFS restructures its global executive team

Bibby Financial Services (BFS) has announced a restructuring of its global executive team, with Steve Box, international chief executive, to leave the business.

Ted Winterton will become chief executive, UK moving from his current position of UK commercial director. Ian Watson will expand his role to become chief executive, North America to now incorporate responsibility for Canada, whilst Richard Carter will move into the newly created role of chief executive, Europe and Asia.

All new appointees will be members of the global executive committee (ExCo), and report directly to global chief executive, David Postings. Ted Winterton will also join the global board.

Postings (pictured) said: “Over the past 12 months, we have made significant strides in delivering our business strategy which has resulted in growth across the vast majority of our markets and the resurgence of our operations in America.

“The structure that we are putting in place builds on our international capabilities to deliver one joined up global business whilst still recognising key geographic territories and income-generating operations.”

Carol Roberts, managing director of Leasing in the UK, will now report directly to Postings and join the global executive committee.

As a result of the restructure, the international division of BFS will cease to operate, causing Steve Box to decide to leave the business with immediate effect.

Postings said: “Steve’s efforts, expertise and energy have been invaluable in delivering our strategy to date. The business across the world has benefitted from his hard work and we are very grateful for all that he has done to help guide the teams to where we are today.”

Box added: “The international division has played an important role in helping to successfully deliver our global strategy. Given the advances we have made, it is timely that we disband the division and focus on strengthening the voices of our distinct markets in our global executive team.

“I therefore leave Bibby Financial Services proud of the progress that we have made and wish the very capable team all the very best for the future.”