Business

Shared Interest Announces Appointment Of New Finance Director Designate

Issue 107

Current recipient of the Queens Award for Enterprise in Sustainable Development, Newcastle-based social lender, Shared Interest, is delighted to announce the appointment of Jo Powell as Finance Director Designate. Jo joins the team as long-serving Finance Director and Company Secretary, Tim Morgan prepares for his planned retirement after 15 years of dedicated service.

Tim Morgan, a Newcastle University graduate, has helped guide Shared Interest through significant challenges, including the global financial crisis, Brexit, and the pandemic. Under his stewardship, the organisation doubled its Share Capital and expanded its reach to over 45 countries, while maintaining its mission to support small-scale producers in marginalised communities worldwide.

Shared Interest Managing Director Patricia Alexander, said: “Tim’s commitment to Shared Interest and the broader fair trade movement has been profound, and we are incredibly grateful for his service.”

Tim reflects on his tenure with pride, stating: “It has been an honour to help steer Shared Interest through some of the most challenging global events. I’m proud of what we have achieved, especially the growth of our Share Capital and the innovations we have introduced.”

Jo Powell, who has strong ties to the North East and significant experience leading the financial strategy in organisations with a social purpose, qualified with PwC and has worked at local organisations such as UNW LLP, Newcastle College and NHS Business Services Authority. She is eager to bring her passion for ethical finance to the role.

She said: “I’m excited to continue the incredible work Shared Interest has done to promote sustainability, fairness, and social responsibility. I look forward to working with our global community of members and supporting local and international producers.”

Shared Interest, with its headquarters in Newcastle, has been offering vital financial support to farmers, artisans, and cooperatives in developing regions around the world for 34 years. In 2023 alone, they supported over 400,000 producers to trade and earn a living.

www.shared-interest.com

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