Global foreign exchange company Travelex announced the appointment of Philip Bowcock as its new chief executive office today, 29th July.
Effective immediately. Bowcock takes over from Richard Wazacz, who is stepping down as CEO after three years of leadership.
Travelex chairman Alexander Filshie said of Bowcock: “This announcement marks the next phase of our journey at Travelex, focused on adapting to our changing customer requirements and industry environment, further strengthening our foundations, and building for long-term success. I am confident Philip will drive our strategic priorities and build for long-term success across our retail and wholesale businesses. Philip brings a wealth of experience from consumer-focused and travel money organisations. He is well placed to lead the Travelex team in the developing and changing global travel money market.”
Bowcock himself remarked: "I am delighted to join Travelex at this pivotal time in its journey. The business has shown remarkable resilience, having navigated the challenges of the pandemic and made significant progress in recovering and stabilising its operations over recent years. I look forward to building on its strong foundations to further strengthen the core business, enhance operational efficiency, and ensure sustainable growth.”
He added that Travelex is well positioned to adapt to the changing forex landscape and meet the evolving needs of its customers.
Bowcock said: “I look forward to working closely with the Board, Executive Leadership Team, and our talented colleagues across the globe to build on this momentum, enhance our capabilities, and continue delivering exceptional value to our customers."
Meet Philip Bowcock
The new chief executive recently served as executive chair of NM Money Group, which operated a number of consumer-facing financial services businesses including Eurochange, one of the UK’s leading high street and online foreign exchange retailers.
He previously spent five years at William Hill plc as chief financial officer and CEO, where he headed a transformation that re-shaped the business.
In March 2021, as interim CEO, Bowcock led Countrywide plc through its successful sale to Connells.
At present, he is also chair of Victoria Plumbing Group plc and has a proven track record in leading consumer-focused, multi-site businesses with a strong digital presence.
Bowcock previously held senior finance positions at Cineworld Group Plc, Luminar Plc, Barratt Developments Plc, and Tesco Plc.
