Mortgage Advice Bureau (MAB) has appointed Jo Stent as group CFO designate, succeeding Emilie McCarthy, who will step down as CFO and leave the board on 30 September to pursue other opportunities.

Stent will join MAB on 6 July and work alongside McCarthy during a transition period before formally taking over as CFO from 1 October, subject to regulatory approval. She is also expected to join the board as an executive director following her appointment.

Stent brings more than 25 years of finance leadership experience across listed, regulated and international businesses. Most recently, she served as CFO at Frontier IP Group and previously held the same role at Argentex Group, alongside senior finance positions at the European Tour, Vodafone and Telus Communications. She began her career at EY and Deloitte and is a chartered accountant.

MAB CEO Peter Brodnicki said: “Emilie has played an incredibly important role in the MAB group's development, including supporting the Company's transition from AIM to the Main Market of the London Stock Exchange.”

Brodnicki added: “We are delighted that Jo will be joining the MAB group. She brings extensive listed company, financial services and capital markets experience, together with a strong track record of supporting businesses through periods of growth and transformation.”

The executive change comes as MAB continues to navigate a subdued mortgage market from a position of financial strength. In FY24, revenue rose to £232.4m, gross profit reached £57.6m and adjusted earnings were £23.3m. Pre-tax profit was £12.9m, while the group reported £33.4m of cash and net cash of £18.7m, with no structural debt.

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