Provident Financial said the company’s executive chairman Manjit Wolstenholme had died. However, the company has appointed independent director Malcolm Le May as interim executive chairman.
Manjit Wolstenholme passed away suddenly on November 23, Provident said. “We are deeply shocked and saddened,” Le May said. “The thoughts of everyone at Provident are with Manjit’s family and friends, and we extend our deepest sympathies to them.”
“It was a great privilege to know her personally and to work alongside her over the last few years. She has shown exceptional leadership in stepping up to the role of Executive Chairman over the last few months. Manjit was known and respected for her achievements and championing diversity in British business, and we would like to pay tribute to her contribution to the business landscape.”
She was as a chartered accountant and worked at Dresdner Kleinwort for 13 years, where she became co-head of investment banking, becoming a non-executive director of Future Publishing in 2011.
Manjit Wolstenholme was appointed to the board of Provident in 2007 and became chairman in 2014. She had also served as chair of Cala Homes, director of the Unite Group and CMC Markets.
In May, she announced her intention to step down from her role at CMC Markets in July “due to personal reasons”.