Progeny has appointed Tom Wood (pictured) as chief financial officer.
He brings 25 years of experience in financial services to the firm. This has included roles in private equity-backed businesses, strategy development and execution, M&A and capital markets.
Wood was chief restructuring and financial officer of the Co-Operative Bank between 2017 and 2019, having co-advised on its third recapitalisation. Prior to this, he was CEO and CFO of Shawbrook Group where he led the business through its successful IPO and entry into the FTSE 250.
Progeny said the appointment will strengthen the executive team as it prepares for the next phase of growth and positions itself as a global business.
Wood said: “I’m delighted to join Neil and the team at this exciting and energising time for Progeny. Progeny is a unique business well positioned to extend its scale and reach. I look forward to contributing to our future success.”
Neil Moles, chief executive of Progeny, added: “We’re very happy to welcome Tom to Progeny. Having spent time inside the business in an advisory capacity, he’s seen first-hand our ambition and what we’re seeking to achieve and has decided he wants to be a part of it.
“From a CFO of his pedigree and experience, I couldn’t think of a greater accolade for our business. Tom’s CV speaks for itself in that he is a highly skilled and strategic operator at this level with a demonstrable track record of success and we’re very excited about what he’ll contribute to Progeny.”