Loans provider Funding Circle revealed on Thursday that Lisa Jacobs will succeed Samir Desai as chief executive officer on 1 January 2022.
Funding Circle stated that after 12 years as CEO, Desai had decided to step back from day-to-day activities at the end of 2021 and transition to a new role as a non-executive director.
Jacobs joined Funding Circle in September 2012 as chief strategy officer before taking over as managing director of its UK business.
Desai said: “Funding Circle is in the strongest position it has ever been so after 12 years as CEO I have decided that now is the right time to step back from running the company and transition to a role on the board.
“As a founder, member of the board and shareholder, I remain fully committed to Funding Circle. I’m incredibly excited about our future growth opportunities and I am looking forward to supporting Lisa and the team in my new role.”
As of 0910 BST, Funding Circle shares were up 7.45% at 150.0p.
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