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|goeasy Ltd. announces Senior Leadership Succession to sustain its strong growth and superior performance|
“Throughout goeasy’s rapid growth and expansion, we have been extremely methodical about our succession plan in order to ensure that we are well positioned with the right people, culture, and organizational structure to support the next phase of our growth,” said Mr. Ingram. “We also believe that with our successful completion at the end of 2017 of a US
Mr. Mullins joined goeasy in
Mr. Ingram said, “The Board and I are both excited about Jason Mullins’ immediate promotion to his new role as President and have absolute confidence in his ability to transition to the CEO role in 2019. His potential was identified many years ago, and his development has been deliberate, with increasing levels of responsibility pursuant to a detailed development plan put in place with the board of directors’ endorsement two years ago. Jason’s orientation around people leadership and innovation has already helped to shape our organization and influenced our longstanding record of growth in revenue and profit over consecutive periods.”
“I am extremely honoured to be appointed as President and transition to CEO. David’s contributions to the business have been immeasurable, and I speak for everyone at goeasy that we have been fortunate to share in his leadership and vision to build such a great company,” said Mr. Mullins. “I look forward to our continued relationship as we work together closely, and I am grateful to the Board for its confidence in me taking on this new role.”
Mr. Ingram expressed his gratitude for the service that Mr. Johnson has provided at goeasy. “Don Johnson is a respected banker, whose stewardship while leading our board of directors has been remarkable. From the beginning of our relationship, he has personally, financially, and professionally supported all the key initiatives of our organization. His integrity in resolving meaningful issues, his charitable leadership and his enthusiasm have provided a huge source of motivation and respect during my time as CEO. I remain truly inspired and enthused by his example”.
The Company also announced that
“I wish to thank Steve for his significant contribution to the Company over the last 9 years. During that time, he provided great direction on our Credit-Risk modelling and lead the optimization of our capital structure, and was an intelligent voice of reason to our strategic planning. On a personal note, I found his integrity for decisioning, his aptitude in quickly synthesizing complex situations, his work ethic and his ability to execute to be commendable. On behalf of the Board of Directors and the Executive team, we wish Steve the very best on his future endeavors,” said Mr. Ingram.
goeasy Ltd. is a leading full-service provider of goods and alternative financial services that provides everyday Canadians with a chance for a better tomorrow, today. goeasy Ltd. serves its customers through two key operating divisions, easyfinancial and easyhome. easyfinancial is a non-prime consumer lender that bridges the gap between traditional financial institutions and costly payday lenders. It is supported by a strong central credit adjudication process and industry leading risk analytics. easyfinancial also operates an indirect lending channel, offering loan products to consumers at the point-of-sale of third party merchants. easyhome is
goeasy Ltd.’s. common shares are listed for trading on the TSX under the trading symbol “GSY” and goeasy’s convertible debentures are traded on the TSX under the trading symbol “GSY-DB”. goeasy is rated BB- with a stable trend from
This press release includes forward-looking statements about goeasy, including, but not limited to its business operations, strategy, expected financial performance and condition, the implementation of its senior leadership succession plan, strategic initiatives, anticipated capital requirements, liquidity of the Company, plans and references to future operations and results. In certain cases, forward-looking statements are statements that are predictive in nature, depend upon or refer to future events or conditions, and/or can be identified by the use of words such as ‘expects’, ‘anticipates’, ‘intends’, ‘plans’, ‘believes’, ‘budgeted’, ‘estimates’, ‘forecasts’, ‘targets’ or negative versions thereof and similar expressions, and/or state that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘might’ or ‘will’ be taken, occur or be achieved.
Forward-looking statements are based on certain factors and assumptions, including expected growth, results of operations and business prospects and are inherently subject to, among other things, risks, uncertainties and assumptions about the Company’s operations, economic factors and the industry generally, as well as those factors referred to in the Company’s most recent Annual Information Form and Management Discussion and Analysis, as available on www.sedar.com, in the section entitled “Risk Factors”. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those expressed or implied by forward-looking statements made by the Company, due to, but not limited to, important factors such as the Company’s ability to implement the senior leadership succession plan, enter into new lease and/or financing agreements, collect on existing lease and/or financing agreements, open new locations on favourable terms, purchase products which appeal to customers at a competitive rate, respond to changes in legislation, react to uncertainties related to regulatory action, raise capital under favourable terms, manage the impact of litigation (including shareholder litigation), control costs at all levels of the organization and maintain and enhance the system of internal controls. The Company cautions that the foregoing list is not exhaustive.
The reader is cautioned to consider these and other factors carefully and not place undue reliance on forward-looking statements, which may not be appropriate for other purposes. The Company is under no obligation (and expressly disclaims any such obligation) to update or alter the forward-looking statements whether as a result of new information, future events or otherwise, unless required by law.
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