Distribution Finance Capital Holdings plc announced that after a thorough search process including external candidates the Board has concluded to appoint Mark Stephens as Non-Executive Chair of the Company with immediate effect. Prior to this appointment, Mark was an existing Non-Executive Director of the Company, holding the position of Senior Independent Director since joining the Board on 3 July 2017 and has held the position of Interim Non-Executive Chair since May 2021. Following his appointment, Mark will continue to Chair the Company's Remuneration and Nomination Committees.

The Board has already started a search process of an Independent Non-Executive Director who will, once appointed, Chair the Risk Committee. In the intervening period, Carole Machell will additionally Chair the Company's Risk Committee. These changes are subject to regulatory approval.