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LONDON - Mortgage Advice Bureau (AIM:MAB1.L), a UK mortgage network and broker, announced Thursday several changes to its leadership team and board structure, including the transition of Deputy CEO Ben Thompson to a new strategic role.
Thompson will step down from the board at the end of 2025 but remain with the company, focusing on optimizing mortgage opportunities and strengthening customer propositions.
The company has appointed Yaiza Luengo as Chief Operating Officer effective September 8. Luengo, who brings over 20 years of financial services experience from roles at RBS (LON:NWG), Barclays (LON:BARC), HSBC, Refinitiv, and WiZink Bank, is expected to join the board when Thompson departs, pending approvals.
MAB also announced two immediate board appointments: Mandy Donald as Independent (LON:IOG) Non-Executive Director and Chair of the Audit Committee, and Dr. Orlando Machado as Independent Non-Executive Director. Donald, a Chartered Accountant with 18 years at EY, currently serves on several boards in professional and financial services. Machado brings 30 years of data science and AI expertise from positions at LEGO Group, Tesco (OTC:TSCDY)’s dunnhumby, MoneySuperMarket, and Aviva (LON:AV).
In additional changes, Rachel Haworth will become Senior Independent Non-Executive Director while continuing as Chair of the Remuneration Committee. Nathan Imlach will transition from Senior Independent Non-Executive Director to a non-independent Non-Executive Director role.
Mike Jones, Non-Executive Chair, described the changes as "a natural evolution of MAB" and highlighted Luengo’s operational experience as "central to delivering on the ambitions outlined at our Capital Markets Day earlier this year."
The information was disclosed in a company press release.
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