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ThinkSmart appointment of Chief Executive Officer PDF Print E-mail
Tuesday, 23 May 2017
ThinkSmart Limited (AIM: TSL), a leading provider in the UK of retail point-of-sale lease finance for high-volume, small-ticket electronic and commercial equipment, is pleased to announce the appointment of Gerald Grimes as Chief Executive Officer. Gerald will take up the appointment and join the Company’s board (the “Board”) on 1 July 2017. 

Gerald (aged 53) joins from Hitachi Capital where he was Managing Director of Hitachi Capital Consumer Finance and sat on the board of Hitachi Capital (UK) PLC. As at March 2016, he was responsible for annual sales of £1.7bn, net earning assets of £2.1bn and approximately 400 employees. Gerald joined Hitachi Capital in 2007, with responsibility for re-launching and developing its UK consumer finance proposition. Over approximately 10 years, he successfully built a market leading UK point-of-sale finance business founded on deep relationships with some of the UK’s foremost retailers. Gerald was instrumental in diversifying the consumer finance product offering, including launching Hitachi Capital’s personal finance proposition, growing this into a £1bn portfolio within 3 years.

Prior to joining Hitachi Capital, Gerald spent six years as Sales Director at The Funding Corporation, where he launched a new consumer finance business in the UK and, prior to that, six years at GE Capital where he was Sales Director.

Gerald plays an active role in shaping industry debate. He is a Director of the Finance & Leasing Association (for which he has also acted as Chairman), in addition to being a member of the FCA Small Practitioner Board.

Commenting, Ned Montarello, Executive Chairman, said: “On behalf of the Board, I am delighted to welcome Gerald as ThinkSmart's new Chief Executive. He brings tremendous breadth and depth of relevant experience and has an outstanding track record. Gerald has already helped transform one retail point-of-sale finance business into a market leader by developing the offering and significantly expanding its reach across multiple verticals. We are confident he can lead ThinkSmart on a similar growth trajectory.”

Gerald Grimes commented: “I am extremely excited by the opportunity to enable ThinkSmart to realise its full growth potential. I’ve been highly impressed with its sophisticated digital solution and can see a clear pathway to extending its reach across new sectors and customers. I look forward to working with ThinkSmart’s Board and senior management team to deliver on the Group’s tangible opportunities for rapid growth."

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