Alex Maby to leave business in December after five years in role.
Pawnbroker H&T has announced a change to its board, with the news that current commercial director Steve Fenerty will replace group finance director Alex Maby before the end of the year.
Maby will step down from the board in late November 2013 and will leave H&T at the beginning of December after more than five years with the business. The H&T board said it is delighted to welcome Fenerty into the new role of finance director, describing him as the ideal candidate.
He trained as a chartered accountant and has more than 20 years experience in the consumer credit business, including eight within H&T.
H&T chairman Peter McNamara said: “Whilst we are sad to see Alex leaving H&T we are pleased to have an internal successor in Steve Fenerty. A Chartered Accountant with a strong track record, both within Money Shop previously and now at H&T, Steve has the experience and capabilities to lead the Group through these exciting times and the opportunities that will arise from the development of plans for H&T; the changes in consumer behaviours and the consequent developments within our sector.”
The changes follow the recent statement from H&T that it intends to focus on retail sales of jewellery in the coming months owing to a drop in the price of gold.