Time Finance plc announced the appointment of Edward Rimmer as Interim Chief Executive Officer with effect from February 19, 2021. The Company announced on January 6, 2021 that Ian Smith was to step down from the role of CEO of the Group and it is anticipated that Ian will leave the Company and step down as a director of Time Finance not later than February 26, 2021. Ian will work until that date with Ed to complete an orderly handover of duties and regulatory responsibilities. Ed has worked within commercial finance for over 20 years and was previously Time Finance's Chief Operating Officer until April 2020 having joined the Group in 2017 as Managing Director of the newly established Commercial Finance Division comprising the acquired businesses of Gener8 Finance and Positive Cashflow Finance. Prior to joining the Group, Ed was previously UK CEO and main board director of Bibby Financial Services Limited from 2007 to 2012, having joined the Bibby Financial Services Group in 1995 as a graduate trainee. Ed's appointment as a director of certain of the Company's subsidiaries remains subject to certain regulatory approvals.