Former government minister Margot James joins board of doorstep lender Provident Financial
Former government minister and millionaire business woman Margot James has joined the board of doorstep lender Provident Financial.
The 62-year-old, who served as a Tory MP from 2010 to 2019, was appointed a non-executive director at the struggling company.
She will sit on the nomination, remuneration and customer, culture and ethics committees, the firm said.
True blue: Tycoon Margot James served as a Tory MP from 2010 to 2019
Before becoming an MP, James founded Shire Health Group in 1985, which provided public relations and other services to pharmaceutical companies, and was later sold to WPP for millions.
Patrick Snowball, chairman of Provident Financial, which has seen its shares lose almost two-thirds of their value this year, said: ‘Her appointment brings a great balance of skills and experience to the board, with her wide-ranging career as a commercial and entrepreneurial business owner and her work in the UK Government.’
James was one of the faces of David Cameron’s A-list of modernising candidates elected as an MP in 2010. She was the first female Tory MP to come out as gay.
She served as a business minister under Theresa May but quit as an MP before last year’s election having been temporarily stripped of the Tory whip for rebelling over Brexit.