Sunday, March 3, 2024

Progeny appoints new Chief Financial Officer

Progeny has appointed Tom Wood to the role of Chief Financial Officer (CFO).

Tom brings significant experience to the position, gained throughout his 25-year executive career in regulated financial services and banking.

He has led transformational change and growth in complex, private equity-backed businesses, generating significant shareholder value.

Tom’s breadth of experience in strategy development and execution, M&A and capital markets will enable Progeny to advance its ambitious agenda.

His appointment will strengthen the executive team as Progeny prepares for the next phase of growth and positions itself as a global business.

His executive career includes the role of Chief Restructuring and Financial Officer of the Co-Operative Bank plc (2017-2019), having co-advised on its third recapitalisation.

Prior to this, Tom was Chief Executive Officer and Chief Financial Officer of Shawbrook Group plc, where he led the business through its successful Initial Public Offering (IPO) and entry into the FTSE 250.

Tom is also an experienced adviser, investor and Independent Non-Executive Director.

Tom said: “I’m delighted to join Neil and the team at this exciting and energising time for Progeny. Progeny is a unique business well positioned to extend its scale and reach. I look forward to contributing to our future success.”

Neil Moles, Chief Executive Officer of Progeny, said: “We’re very happy to welcome Tom to Progeny. Having spent time inside the business in an advisory capacity, he’s seen first-hand our ambition and what we’re seeking to achieve and has decided he wants to be a part of it.

“From a CFO of his pedigree and experience, I couldn’t think of a greater accolade for our business.

“Tom’s CV speaks for itself in that he is a highly skilled and strategic operator at this level with a demonstrable track record of success and we’re very excited about what he’ll contribute to Progeny.”

A message from the Editor:

Thank you for reading this story on our news site - please take a moment to read this important message:

As you know, our aim is to bring you, the reader, an editorially led news site and magazine but journalism costs money and we rely on advertising, print and digital revenues to help to support them.

With the Covid-19 pandemichaving a major impact on our industry as a whole, the advertising revenues we normally receive, which helps us cover the cost of our journalists and this website, have been drastically affected.

As such we need your help. If you can support our news sites/magazines with either a small donation of even £1, or a subscription to our magazine, which costs just £31.50 per year, (inc p&P and mailed direct to your door) your generosity will help us weather the storm and continue in our quest to deliver quality journalism.

As a subscriber, you will have unlimited access to our web site and magazine. You'll also be offered VIP invitations to our events, preferential rates to all our awards and get access to exclusive newsletters and content.

Just click here to subscribe and in the meantime may I wish you the very best.








Latest news

Related news