National brokerage CEO retires

The chief executive of an ASX-listed national mortgage group has announced his retirement.

In an ASX announcement today Mortgage Choice advises that Michael Russell will retire as chief executive officer after the completion of the 2015 financial year and the identification of an appropriate successor.

Mr Russell joined the company as its chief executive officer in 2009 and developed and implemented two three-year strategic plans which enabled the franchise group to grow and prosper through the aftermath of the GFC.

He will complete the second of those three-year plans before he departs in 2015.

Mortgage Choice chairman Peter Ritchie acknowledged the outstanding job being done by Mr Russell and said he looked forward to working with him over the coming months to identify and transition his replacement.

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