The loans and car finance business of Wales’ only FTSE 100 firm Admiral has appointed a new chief executive. Emma Powell takes up the role with Admiral Money, stepping up from her current position of chief risk officer (subject to regulatory approval).
Departing chief executive Scott Cargill, is moving into Admiral Group’s Ƶ insurance business as its household, pet and travel director.
Ms Powell joined Admiral Money in 2016 and has been part of Admiral Money’s executive team for almost nine years, with a key role in driving its continued profitability and evolving its multi-product offering.
Milena Mondini de Focatiis, chief executive of Admiral Group, said, “It’s fantastic to see Emma step into this role as chief executive of Admiral Money as Scott moves to oversee our Ƶ insurance business’ household, pet and travel areas. It’s another great example of strong internal mobility that we have always embraced at Admiral Group, and I know both Emma and Scott’s vast experience and expertise will bring a positive impact to our customer offerings.”
Ms Powell said: “I’m truly excited to take the reigns from Scott and continue to build on the success of Admiral Money. As a founding member, working closely with Scott for almost nine years, I look forward to working with the team as we further enhance our customer offerings in the future.”
Admiral launched Admiral Money launched in 2017 offers unsecured personal loans and car finance. It has 155,000 customers in the Ƶ.
