Ed Rimmer

Time Finance names interim CEO

Time Finance has appointed Ed Rimmer (pictured above) as interim CEO, with immediate effect.

Ed — who has over 20 years of experience in the commercial finance industry — rejoins the alternative financial services firm, having previously served as COO until April 2020.

He initially joined the group in 2017 as managing director of the commercial finance division.

Prior to this, he worked at Bibby Financial Services as UK CEO and main board director.

This follows the announcement that Ian Smith, CEO at Time Finance, has made the decision to step down from the role after seven years.

Commenting on his appointment, Ed said: “I am delighted to be rejoining Time Finance, especially at such a crucial time for the financial services sector. 

“Our industry holds a unique opportunity to inspire confidence and growth in the UK SME market and to support businesses who are looking to recover in post-Covid times, [and] I am confident that Time Finance is in a great position to lead the sector in doing so. 

“It’s a pleasure to lead a team who, during the last year, have proved resilient and have worked tirelessly to support both our clients and our broker partners during the most challenging of times.”

John Newman, non-executive chairman at Time Finance, added: “Ed has extensive experience within the financial services sector and his specific knowledge of the group from his [prior] time with us as COO will enable him to take up the CEO responsibilities quickly and effectively.”

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