PTFS thought to be on the brink of naming new chief executive
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Martin Wilson, Stepping down as chairman
Personal Touch Financial Services is believed to be close to appointing a new chief executive following the retirement of chairman Martin Wilson last week.
Mortgage Strategy under-stands that a non-executive director at PTFS will replace Wilson as chairman and a new chief executive could be in place by the end of the month.
John Ruddick, the previous chief executive, moved across to the chief operating officer role around four months ago.
It is believed the network has been looking externally and internally to fill the role of chief executive and is already at the stage of second interviews.
Wilson announced last week that he was stepping down as chairman but will remain a shareholder and corporate ambassador for the network.
Wilson was suspended in November pending the res-ult of an internal investigation but his retirement is not believed to be connected with the investigation.
An email sent to appointed representatives announcing Wilson’s move states that PTFS has big plans for 2010.
The email says: “Martin has made a decision to retire from his full-time role within PTFS but will continue to be a shareholder in the business and act as a corporate ambassador.
“It will be no surprise to you that PTFS continue to have ambitious plans for 2010 and beyond, and we are confident we will continue to be a winner in what remains a difficult market for many.”
It adds: “We are working towards appointing a new chief executive and in the meantime it’s business as usual.”
Documents filed at Companies House on December 29 show Wilson as having left the network.
Dev Malle, sales director at PTFS, could not comment on Wilson’s departure from the firm as it was a personal decision.
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