Cattles has made changes to key management roles.

The lender has announced that Paul Mackin is to become chief operating officer at Cattles’ major lending subsidiary, Welcome Financial Services.

He joins from Littlewoods Shop Direct Group, where he has been managing director of its financial services division, Everyday Financial Solutions since 2006. He has also previously held senior roles with Legal & Trade Financial Services Ltd, a division of New York-based IntelliRisk Management Corp, HFC Bank, Time Retail Finance and GE Capital GCF UK.

The non-executive chairman of Cattles, Norman Broadhurst, has now indicated to the Board that he will not seek re-appointment as chairman and as a director of the Company at the forthcoming AGM and a search for a successor has begun.

These moves follow the recent appointment of Jamie Smith as interim financial director.