DGAP-Adhoc: 4finance S.A.: 4finance announces changes to its supervisory board

DGAP-Ad-hoc: 4finance S.A. / Key word(s): Personnel 
4finance announces changes to its supervisory board 
 
08-Jul-2019 / 17:42 CET/CEST 
Disclosure of an inside information acc. to Article 17 MAR of the Regulation 
(EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
 
*4finance announces changes to its supervisory board* 
 
*Bill Horwitz appointed as chairman of the supervisory board* 
 
_8 July 2019. _4finance Group S.A. (the "Group"), one of Europe's largest 
digital consumer lending groups, announces the changes to its supervisory 
board. 
 
Bill Horwitz will join the supervisory board of the Group as chairman in 
August 2019. Bill is an independent FinTech advisor with over 20 years of 
experience in financial services, including Barclays (as Director of 
Collections & Recoveries for Europe Retail & Business Bank) and Capital One 
(14 years, including as VP of US card recoveries and MD of Capital One 
Spain). He was formerly president of WDFC SA, guiding the restructuring of 
the company for FCA licensing and suitability. Bill was a founding member of 
the 4finance Group supervisory board, from July 2016 to January 2019. 
 
Bill takes the chair from Lado Gurgenidze, who has led the supervisory board 
from October 2017. 
 
Lado Gurgenidze will step down from the position as Chairman of the 
Supervisory Board of 4finance Group S.A. at the end of July 2019 to focus on 
banking projects. Lado has agreed to continue to be involved with the Group 
in the capacity of a Senior Advisor to the Board of Directors of TBI Bank 
from August onwards. In this capacity, Lado may also contribute to the 
development of other banking projects of the Group. 
 
Having held the Chairman position for almost two years, Lado has made 
significant contributions to the Group and played an active role in 
improving the structures, processes and data driven approach to commercial 
management at Headquarters as well as across the network of Subsidiaries. 
 
We would like to thank Lado for his strong engagement at the Supervisory 
Board. 
 
4finance Group S.A. CEO, Oyvind Oanes said: 
 
_"Lado's energy and critical thinking helped bring great focus to our 
business over the past two years. I'd like to thank him for his work and 
welcome Bill back to the supervisory board, this time as its chairman."_ 
 
*For more information, please contact:* 
 
*4finance *           Email: [e-mail] 
                      Email: [e-mail] 
*Instinctif Partners* Email: [e-mail] 
                      [phone] 
 
www.4finance.com [1] 
 
This announcement contains inside information as stipulated under the Market 
Abuse Regulation. 
 
*Notes to Editors * 
 
*About 4finance* 
 
Established in 2008, 4finance is one of Europe's largest digital consumer 
lending groups with operations in 16 countries. Leveraging a high degree of 
automation and data-driven insights across all aspects of the business, 
4finance has grown rapidly, issuing over EUR7 billion since inception in 
single payment loans, instalment loans and lines of credit. 4finance 
operates a portfolio of market leading brands, through which, as a 
responsible lender, the firm offers simple, convenient and transparent 
products to millions of customers who are typically underserved by 
conventional providers. 4finance has group offices in Riga (Latvia), London, 
Luxembourg and Miami, and currently operates in 13 countries in Europe plus 
Argentina, Mexico and the USA. The Group also offers deposits, in addition 
to consumer and SME loans through its TBI Bank subsidiary, an EU licensed 
institution with operations in Bulgaria and Romania. 
 
08-Jul-2019 CET/CEST The DGAP Distribution Services include Regulatory 
Announcements, Financial/Corporate News and Press Releases. 
Archive at www.dgap.de 
Language:    English 
Company:     4finance S.A. 
             8-10 Avenue de la Gare 
             1610 Luxembourg 
             Grand Duchy of Luxembourg 
E-mail:      [e-mail] 
ISIN:        XS1417876163, SE0006594412, XS1092320099, XS1094137806, 
WKN:         A181ZP 
Listed:      Regulated Market in Frankfurt (Prime Standard); Regulated 
             Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, 
             Stuttgart 
EQS News ID: 837999 
 
End of Announcement DGAP News Service 
 
837999 08-Jul-2019 CET/CEST 
 
 
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=e036d0e39639d270de7dd7e0d3f4e99c&application_id=837999&site_id=vwd&application_name=news 
 

(END) Dow Jones Newswires

July 08, 2019 11:42 ET (15:42 GMT)