Bridgepoint taps Ruth Prior as its next finance chief

(Sharecast News) - Investment firm Bridgepoint announced the appointment of Ruth Prior as its new chief financial officer (CFO) and a director on Thursday, succeeding Adam Jones, who would step down later in the year.

The FTSE 250 company confirmed Jones would continue in his role until Prior's appointment took effect.

It said Prior would bring a wealth of experience to her new position, having served as CFO of Element Materials Technology, a former Bridgepoint portfolio company specialising in testing, inspection, and certification services.

Prior to that, she held the CFO position at William Hill, overseeing finance, assurance, legal, and procurement functions.

Prior's tenure also included a stint as chief operating officer at global payment processing business Worldpay, where she played a vital role in its digital transformation and preparation for its FTSE 100 initial public offering in 2015.

With nearly a decade of experience in various operational and financial roles within the private equity industry, Bridgepoint said Prior's expertise was bolstered by her role as a non-executive director and chair of the audit and risk committee at Motability Operations Group, a UK-based company providing mobility solutions for the disabled.

"We are delighted that Ruth is joining Bridgepoint and look forward to welcoming her later in 2024," said chief executive officer Raoul Hughes.

"As a highly experienced CFO in both the listed and private sectors, Ruth brings substantial experience to the role as Bridgepoint continues to build its market presence and capabilities.

"I would like to take the opportunity to thank Adam, on behalf of the board and colleagues across Bridgepoint, for his significant contributions to the business as both chief financial officer and chief operating officer during his six years at the firm."

At 0851 BST, Bridgepoint Group shares were down 1.52% at 233.8p.

Reporting by Josh White for Sharecast.com.