Newspaper article The Evening Standard (London, England)

Shock in the City as Provident Financial Chief Dies, Aged 53

Newspaper article The Evening Standard (London, England)

Shock in the City as Provident Financial Chief Dies, Aged 53

Article excerpt

Byline: Michael Bow

TROUBLED doorstep lender Provident Financial today said executive chairman Manjit Wolstenholme died suddenly yesterday. She was 53.

The former banker and accountant was appointed to take charge of Provident four months ago after a profit warning and share price collapse forced out chief Peter Crook.

Her deputy, senior independent director Malcolm Le May, will lead Providential until a successor is found.

"It was a great privilege to know her personally and to work alongside her over the last few years," he said.

The struggling firm was in the midst of a turnaround under Wolstenholme (pictured) after a botched IT overhaul under Crook.

She brought back the former head of its consumer credit arm, Chris Gillespie, and a slump in debt collection levels appeared to be reversing under her watch.

A chartered accountant by training, Wolstenholme was a champion of diversity and the first Asian woman to chair a FTSE 100 company before its relegation. …

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