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Brighthouse looks for new direction of travel as it turns to Mooney

Rent to buy retailer Brighthouse has named a former Thomas Cook and Virgin Money executive as its chief executive.

Anth Mooney will take up the role on 1 July. The retailer has been looking for a new chief executive after Hamish Paton resigned at the beginning of the year. Mooney was formerly Thomas Cook chief of retail and financial services, and before that he was Virgin Money director of financial services.

‘Anth Mooney is a financial services expert who has also managed national store networks – not a common set of skills,’ says Stuart Deane, BrightHouse chairman. ‘I, and indeed the entire board, look forward to working with Anth in the months ahead as he builds a business that can delight our customers, inspire our colleagues and return BrightHouse to sustainable growth and profitability.’

The rent to buy sector saw price caps introduced by the Financial Conduct Authority on 1 April, which will reduce charges to customers by £22.7m.

‘BrightHouse has undergone significant change over the last two years, but now as a fully FCA-regulated business, it has the chance to realise its clear mission, helping the millions of people that other financial services firms choose to ignore,’ says Mooney.