Quindell appoints finance director

Following the proposed sale of its Professional Services Division to Slater and Gordon Ltd, Quindell has announced the appointment of Mark Williams as group finance director.

On 30 March 2015, Quindell announced the proposed sale of its Professional Services Division to Slater and Gordon Limited and certain board changes that would follow completion of that disposal. Completion is conditional on, inter alia, approval from the company’s shareholders, the Solicitors Regulation Authority and the Financial Conduct Authority.

The company now announces that Mark Williams will become group finance director and will join the board with effect from completion. Mr Williams has been working as an integral member of the consultancy team appointed to assist the board in January 2015.

As part of these changes, the company confirms that Laurence Moorse, the outgoing group finance director, will step down from the board at completion but will remain available to the board and the finance team to provide an orderly handover.

In addition, the company has commenced an external and internal search process for the group chief executive officer role, which will be vacant on completion because, as previously announced, Robert Fielding will transfer to Slater and Gordon.

Commenting on the forthcoming appointment, Richard Rose, non-executive chairman designate, said, ‘Mark has been working with the group for a number of months and has been assisting the board on a number of work streams. This experience will help him hit the ground running and we are delighted to welcome Mark to this new phase in the company’s history.’

Mark is a Fellow of the Institute of Chartered Accountants and has nearly 30 years of finance experience. Mark has had a varied career to date, having qualified with what is now Deloitte. His experience ranges from a technology driven entrepreneurial start up through to divisions of major international FTSE businesses and through several business cycles. He has operated at board level for the past 15 years, including roles at AXA, Cofunds, Guardian Royal Exchange, Legal & General, Old Mutual and Skandia.