Penny received her Bachelors and Honours Degrees in Accounting Science from the University of South Africa, before going on to qualify as a Chartered Accountant with the South African Institute of Chartered Accountants in 1994.
Penny started her career in the Audit practice of PwC in South Africa, where she worked with businesses spanning the agriculture, construction, entertainment and manufacturing sectors. Penny was later seconded to PwC London where she worked in both the Audit and Transaction Services teams, focusing primarily on supporting Private Equity clients with due diligence, bid support, contract negotiations and valuation assessments of UK and multi-national businesses across a wide range of industries (including manufacturing, retail, IT and communications).
During her time with PwC London, Penny spent a year on secondment to NatWest Corporate Banking to support the bank’s credit team with the acquisition and development of lending relationships with mid to large sized corporates, providing commercial and financial assessment reports on over 30 businesses during this period.
Penny joined Thomson Directories Limited in 1999 to lead their corporate development and M&A activities, during which time she worked on numerous transactions including a complex leveraged buy-out, a joint venture spin-off and subsequently the sale of the business to SEAT Pagine Gialle SpA. Penny later took on investor relations and operational management responsibilities, alongside her ongoing M&A role, before being appointed CFO in 2006.
Penny also chaired the Thomson Directories Pension Fund and served as a non-executive director of mobile search technology company Mobile Commerce Limited during her time with Thomson Directories.
In 2011, Penny joined technology start-up Authoritas to help grow the business internationally, which included setting up subsidiary operations in the US and South Africa as well as acquiring a competitor business.
Penny joined NPL in September 2018 in her present role.