Bibby Financial Services Announces Appointment of CEO, Stewart Chesters

CHICAGO--(BUSINESS WIRE)--Bibby Financial Services is pleased to announce the appointment of Stewart Chesters as Chief Executive Officer for the North American division. Stewart has been with Bibby Financial Services since February, 2001, most recently as the Group Chief Operating Officer, EVP. Stewart brings to the position more than 15 years of international experience, impacting the performance, profitability and success of diverse public and private organizations.

“Stewart has been an integral part of this success, by leading and building effective teams and profitable business units, and exhibiting a proven ability to oversee corporate strategy, general management, M&A facilitation, market positioning, and business growth. We wish him and his team every success.”

Over the last seven years since its North American operations started, Bibby Financial Services has enjoyed phenomenal growth in providing receivables funding to small to medium sized businesses, at least doubling its size each and every year. David Robertson, Chief Executive of Bibby Financial Services Group, states, “Stewart has been an integral part of this success, by leading and building effective teams and profitable business units, and exhibiting a proven ability to oversee corporate strategy, general management, M&A facilitation, market positioning, and business growth. We wish him and his team every success.” Stewart can be reached at schesters@bibbyusa.com.

Notes to Editors

Bibby Line Group is a business-to-business services group involved in ship owning and operation, shallow water accommodation, offshore oil field services, contract logistics, financial services, memorial parks, employment law and health and safety advisory services, and retail.

Bibby Financial Services is a market-leading specialist in the provision of a range of business cash flow solutions to small and medium sized enterprises. Its product portfolio includes receivables finance, factoring, export finance, purchase order finance and specialist solutions for the staffing and trucking sectors.

Operating via a global network of 28 autonomous operating companies in the United States, Canada, the United Kingdom, France, India, Ireland, Poland, Czech Republic, Slovakia and Australia the group purchased more than $6 billion dollars of receivables and had more than 7,000 clients worldwide.

For more information on Bibby Financial Services, visit www.bibbyusa.com www.bibbytf.com www.bibbyfinancialservices.com

For more information on The Bibby Line Group of Companies, visit www.bibbygroup.co.uk.