Foreign exchange provider Travelex has named Philip Bowcock as its Chief Executive Officer, with immediate effect.
Bowcock is succeeding Richard Wazacz, who has held the position for the past three years.
Bringing deep experience in consumer financial services, Bowcock was formerly Executive Chair of NM Money Group, overseeing businesses such as Eurochange, one of the UK’s leading high street and online foreign exchange retailers.
With five years of executive experience at William Hill as CFO and later CEO, he was instrumental in leading transformative change across the company.
In his role as interim CEO, he led the successful sale of Countrywide to Connells.
Currently serving as Chair of Victoria Plumbing Group, Bowcock leverages proven expertise in managing consumer-focused, multi-site businesses with a strong digital presence.
His career also includes senior finance roles at Cineworld Group, Luminar, Barratt Developments and Tesco.
Travelex Chairman Alexander Filshie said, “This announcement marks the next phase of our journey at Travelex, focused on adapting to our changing customer requirements and industry environment, further strengthening our foundations and building for long-term success.
“I am confident Philip will drive our strategic priorities and build for long-term success across our retail and wholesale businesses. Philip brings a wealth of experience from consumer-focused and travel money organisations. He is well placed to lead the Travelex team in the developing and changing global travel money market.”
He added, “On behalf of the Travelex Board and Executive Leadership Team, I would like to sincerely thank Richard for his contributions throughout the last three years and extend a warm welcome to Philip in his new role, we look forward to working with him.”
Bowcock commented, “I am delighted to join Travelex at this pivotal time in its journey. The business has shown remarkable resilience, having navigated the challenges of the pandemic and made significant progress in recovering and stabilising its operations over recent years.
“I look forward to building on its strong foundations to further strengthen the core business, enhance operational efficiency, and ensure sustainable growth.
“Travelex is well-positioned to adapt to the changing forex landscape and meet the evolving needs of our customers. I look forward to working closely with the Board, Executive Leadership Team and our talented colleagues across the globe to build on this momentum, enhance our capabilities and continue delivering exceptional value to our customers.” ✈
