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STM Group veteran steps down as CFO

She has been at the business for 17 years and served in the c-suite role for seven

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STM Group chief financial officer Therese Neish has resigned and will be leaving the company.

The financial services provider said during a trading update that it will immediately start looking for a replacement based in the UK. The company board expects to find a successor within Neish’s notice period to allow enough time for “an orderly handover”.

Neish has been at STM Group for over 17 years and has worked as chief financial officer for the last seven. She will not stay at the firm once leaving the position and will explore “other career opportunities”.

Alan Kentish, chief executive at STM, said: “We would all like to thank Therese for her contribution during a period where we have significantly transformed the business and made a number of complementary acquisitions.

“We are grateful for her ongoing support in ensuring a seamless transition during the appointment and on-boarding of a successor and wish her the very best for the future.”

Finances

Meanwhile, the financial services provider also said it expects to report £24m ($33m, €27m) in revenues for 2020.

Profit before tax for the year is estimated to be £2m,  while net cash is set to come in at £15.5m.

The full financial results for the 12 months ending 31 December 2020 will be published in early April 2021.

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