Resimac Group Ltd's CEO Resignation Announcement

Resimac Group Ltd (ASX: $RMC) has announced the resignation of its Chief Executive Officer, Mr Scott McWilliam, who has served the company for 21 years. Mr McWilliam, who has been CEO for six years, will take a period of leave before his employment contract ends on 1 September 2024. The company's Chair, Mr Warren McLeland, acknowledged Mr McWilliam's significant contribution and announced that Ms Susan Hansen will be appointed as the interim CEO while the company commences the search for a permanent replacement.

Executive Commentary on Resignation

Mr Warren McLeland, Chair of Resimac, expressed gratitude for Mr McWilliam's contributions over the 21 years and wished him success in his future endeavors. Mr McWilliam, in turn, expressed pride in the achievements during his tenure, thanked the Board and his executive team for their support, and extended best wishes to the organization for the future.

Summary of Resimac's CEO Resignation Announcement

Resimac Group Ltd (ASX: $RMC) has announced the resignation of its CEO, Mr Scott McWilliam, after 21 years of service. The company will begin the search for a permanent replacement CEO while Ms Susan Hansen is appointed as the interim CEO. The company's fully integrated business model comprises originating, servicing, and funding prime, non-conforming residential mortgages and asset finance products in Australia and New Zealand. With over 300 people operating across Australia, New Zealand, and the Philippines, Resimac Group has in excess of 55,000 customers with a portfolio of home loans on balance sheet of over $12 billion, an asset finance portfolio over $950 million, and total assets under management of over $13 billion. Resimac Group has issued over $45 billion of mortgage-backed securities in domestic and global markets since 1987. It has access to a diversified funding platform with multiple warehouse lines provided by domestic and offshore banks for short term funding in addition to a global securitisation program to fund its assets longer term.