AI assistant
CREDIT CORP GROUP LIMITED — Board/Management Information 2021
Feb 3, 2021
64622_rns_2021-02-03_88d87f97-d7ae-4a01-a0c3-814dd86013e3.pdf
Board/Management Information
Open in viewerOpens in your device viewer
Credit Corp Group Limited ABN 33 092 697 151
==> picture [111 x 59] intentionally omitted <==
Level 15, 201 Kent Street GPO Box 4475 Sydney NSW 2001 Phone +61 2 8651 5000 Fax 1300 483 926 www.creditcorp.com.au
Announcement
4 February 2021
Change of Chairman
Credit Corp Group Limited (Credit Corp or the Company) advises that Mr Donald McLay has stepped down from the position of Chairman.
Mr McLay’s decision follows the positive market reaction to the Company’s first half results and the recovery of its pre-COVID growth trajectory. Since the onset of COVID Mr McLay has worked closely with management to restore value for shareholders and, with this objective now achieved, he considers that it is the ideal time to appoint a new Chairman for the next phase of Credit Corp’s development. Mr McLay will remain on the Board as a Non-Executive Director.
The Board has elected Mr Eric Dodd to replace Mr McLay as Chairman. Mr Dodd has been a Director of Credit Corp since 2009 and brings considerable experience to the role, including past positions as CEO and Chairman of large financial services providers.
Mr McLay has served as Chairman of Credit Corp for more than 12 years, during which time the Company’s market capitalisation has grown from approximately $20 million to more than $2 billion. He has been instrumental to the Company’s successful expansion into the USA and its diversification into consumer lending.
Mr Dodd thanked Mr McLay for his leadership over such a long period of sustained growth and success. “Don’s contribution to the Company’s growth and development has been exceptional and I am pleased to continue working with him in his capacity as a Non-Executive Director” he said.
This announcement has been authorised for release by the Board.
For more information, please contact:
Mr Thomas Beregi Chief Executive Officer Tel: +61 2 8651 5777 Email: [email protected]
Mr Michael Eadie Chief Financial Officer Tel: +61 2 8651 5542 Email: [email protected]