Mortgage Advice Bureau (Holdings) plc (LON:MAB1) has today announced the appointment of Ben Thompson as Managing Director of the Group with effect from 7 June 2018. This is a new Board role within MAB that reflects the ambitions of the Group and the considerable opportunities that lie ahead.
Ben was most recently Chief Executive Officer of ULS Technology plc, the provider of online B2B platforms for the UK conveyancing and financial intermediary markets. Prior to that he held senior positions at Legal & General Group plc, where he ran their market-leading mortgage distribution business, as well as the banking division.
On Ben Thompson joining the Group, Peter Brodnicki will make a gift of 113,000 ordinary shares in the Group to Ben Thompson for nil consideration. On the same date, MAB will grant to Ben Thompson 370,000 nominal cost options over ordinary shares of 0.1 pence each in the Group. These options will be granted under the Mortgage Advice Bureau Executive Share Option Plan.
Mortgage Advice Bureau (Holdings) Plc Chief Executive Officer, Peter Brodnicki, said: “MAB’s strategy is very clear, and appointing Ben clearly reflects the level of ambition we have. This will be our seventh key appointment since IPO, and the first new role on the Executive Board.
“I am really looking forward to working closely with him to deliver our strategic objectives for the next five years and beyond. We will make a great team, and I have no doubt that we will be pushing the boundaries of what can be achieved even further than we do now.”
Chairman, Katherine Innes Ker, said: “I am delighted to welcome Ben to the Board. His knowledge of and experience in our markets will add to the already high quality of the management team we have built at MAB.”
