Funding Circle Plc Announces Board Changes

Funding Circle Holdings plc, a leading SME lending platform in the UK, has announced the appointment of Ken Stannard as non-executive director and Chair Designate. This change will be effective from January 1, 2025. Ken Stannard is set to succeed Andrew Learoyd, who has held the Chair role since May 2016, following a transition period concluding at the Annual General Meeting in May 2025.

Ken Stannard brings nearly 30 years of experience in the financial sector, including roles at Lloyds Banking Group, Capital One, and American Express. He most recently served as CEO of Cabot Credit Management. Ken will also join the Nomination and Remuneration Committees and be appointed as Chair of the Nomination Committee following the AGM.

The company also announced the departure of Matthew King, an independent non-executive director, effective December 31, 2024. Geeta Gopalan, Senior Independent Director, expressed confidence in Ken's ability to lead the company amidst its strategic growth phase.