Heartland Group Holdings announces CEO appointment and senior manager change

Heartland Group Holdings Limited (Heartland) (ASX:HGH) has announced the appointment of Andrew Dixson as Chief Executive Officer (CEO), subject to Reserve Bank of New Zealand non-objection, effective 1 October 2024. Jeff Greenslade, the current CEO, will retire from his role and all Heartland directorships on 30 September 2024, paving the way for Andrew's succession.

Executive Commentary on Andrew Dixson's Appointment as CEO

Andrew's appointment as CEO reflects the evolution of Heartland Group Holdings since the acquisition of Challenger Bank, now rebranded to Heartland Bank Australia. The Board is confident in Andrew's ability to lead the company in the next stage of its journey, focusing on capital allocation and improved return on equity. Andrew's extensive experience and leadership in shaping Heartland's funding strategy and involvement in strategic acquisitions make him well-suited for this role.

Summary of Heartland Group Holdings Announcement

Heartland Group Holdings has appointed Andrew Dixson as the new CEO, succeeding Jeff Greenslade who will retire from his role and all Heartland directorships. Andrew's appointment enables a thorough handover to be completed sooner, allowing Jeff to retire earlier. The company's next stage will be focused on capital allocation and improved return on equity, with Andrew leading the group strategy, investor relations, corporate finance, capital allocation, and strategic and risk management oversight of each bank. Additionally, the Deputy Group CEO role has been disestablished, and Chris Flood will finish with Heartland on 31 October 2024. Heartland expresses gratitude to Chris for his significant contribution and wishes him the best in his future endeavors.