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BGL announces group and comparethemarket.com appointments

BGL Group has announced the appointment of two independent non-executive directors.

Timo Boldt will now join the board from 1 September 2020. He is the founder and CEO of recipe box Gousto, which was established in 2012 . The business is expected to report a “significant maiden profit” in 2020, and expects to increase capacity threefold by 2022. 

According to BGL, he brings with him “notable” experience in building and scaling a high growth, data-led organisation. 

Prior to founding Gousto, Boldt worked as a hedge fund manager, most recently working at Goldman Sachs Investment Bank.

He was previously a member of the Unilever Digital Advisory Board, and is currently a non-executive director at digital scale-up Flagstone.

In addition to his appointment, BGL Group announced that Thomas Chambers has joined the board of comparethemarket.com.

He will assume the role of Chair of the risk and audit committee from Mark Allan from 1 September 2020, who will step down from his position on 10 September to focus on his expanding CFO executive responsibilities with Brit Insurance

Chambers has “extensive” experience in the tech, utility, telecoms and cyber security sectors. 

He is currently Chair of Propel London Ltd, and non-executive director on the boards of Kings Arms Yard VCT plc, a Venture Capital Trust; Iceni Projects Ltd, a multi discipline planning and development consultancy; and UCAS, the world’s largest central admissions for universities. 

Debbie Hewitt MBE, chair of the BGL Group and comparethemarket.com, said: “I am pleased to welcome both Timo and Thomas to the business.

“Timo’s track record in building a successful digitally disruptive business, which truly puts the customer at the heart of its innovative proposition, will be invaluable to BGL as we enter the next phase of growth.” 

She added: “Thomas brings a wealth of experience in sectors highly relevant to comparethemarket.com and his extensive NED expertise will continue to strengthen the team.

“I’d also like to take this opportunity to thank Mark Allan for the considerable contribution he has made to the business and wish him well for the future.”

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