Appointment by Advantage Finance of New CEO

24 SEPTEMBER 2019

S&U PLC

("S&U" or the "Company")

APPOINTMENT BY ADVANTAGE FINANCE OF NEW CEO 

S&U plc (LSE: SUS), the specialist motor finance and bridging lender, announces the appointment of Graham Wheeler as CEO of S&U's market leading motor finance business, Advantage Finance. Graham joins the Company on 1^st October 2019. 

Graham will take the reins at Advantage Finance from Guy Thompson, who is planning to retire in 2020. Guy was instrumental in founding the Company in 1999 and has led it for over 20 successive years of annual profit growth.

Graham has dedicated his working life to the UK motor finance industry. He began his career with GMAC and was part of the original team at GE Capital Motor Finance in 1990.  Joining Volkswagen Financial Services ("VWFS") as an Area Manager in 1995, Graham rose to be CEO of VWFS UK, transforming it into Britain's largest car finance business with a combined asset base of £13bn and over one million customers.

Graham later became Jaguar Land Rover's Director for Global Financial Services and then developed a digital car financing business for Shawbrook Bank. In 2018 he was inducted into the International Asset Finance Network Hall of Fame.

Graham Wheeler commented: "I am delighted and proud to be able to lead Advantage on the next stage of its remarkably successful journey. I pay tribute to Guy Thompson and the team he has built at Advantage and very much look forward to working with them in the years to come."

For further information, please contact: