Global foreign exchange company Travelex has appointed Philip Bowcock as its new CEO, effective immediately, taking over from Richard Wazacz, who has held the position for the past three years.

Alexander Filshie, chairman of Travelex, stated, “This announcement signifies the next phase in our journey at Travelex, aimed at aligning with evolving customer needs and industry challenges, while reinforcing our foundation for sustainable success. I am confident that Philip will propel our strategic objectives and enhance our retail and wholesale operations. He brings extensive experience from consumer-focused and travel money sectors, positioning him well to lead Travelex amidst the shifting global travel money landscape.”

Philip remarked, “I am thrilled to join Travelex at such a crucial moment. The company has shown notable resilience, having navigated the pandemic’s challenges and made substantial progress in stabilizing its operations recently. I am committed to leveraging our strong foundations to enhance core business activities, boost operational efficiency, and ensure sustainable growth.”

Bowcock further expressed his eagerness to collaborate with the Board, Executive Leadership Team, and talented colleagues worldwide to heighten capabilities and ensure exceptional value to customers.

Meet Philip Bowcock:
Philip recently served as executive chair of NM Money Group, encompassing several consumer-facing financial services including Eurochange, a leading foreign exchange retailer in the UK. Previously, he held the roles of CFO and CEO at William Hill plc, overseeing significant business transformation. In March 2021, he successfully led Countrywide plc through its sale to Connells. Currently, he chairs Victoria Plumbing Group plc and possesses a proven track record in guiding consumer-focused, multi-site businesses with a robust digital presence, coupled with prior finance roles at Cineworld Group, Luminar, Barratt Developments, and Tesco.