IN BRIEF: Funding Circle appoints Grover CEO Rob Straathof as next CEO

Funding Circle Holdings PLC - London-based lender to small and medium businesses - Appoints Rob Straathof as chief executive officer, subject to regulatory approval, succeeding Lisa Jacobs, who announced her intention to step down in September. Straathof is expected to join the UK small business lending platform in the first half of 2027, with his appointment date to be confirmed. He currently serves as chief executive of Berlin-based technology subscription platform Grover Group GmbH and previously spent a decade leading small business lender Liberis. Jacobs will remain in her role to oversee the transition before stepping down no later than September 2027.

Incoming CEO Rob Straathof said: "The opportunity ahead remains outsized: to use technology and data to say yes to more of the UK's small business owners. I look forward to working with the team to deliver on the clear strategy already in place, building on Funding Circle's strong foundations and values-driven culture."

Current stock price: 208.00 pence, up 2.7% on Wednesday morning in London

12-month change: up 58%

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