FlexiGroup appoints new chairman

Diversified financial services firm FlexiGroup has announced the appointment of Andrew Abercrombie as its new chairman.

Mr Abercrombie’s appointment follows the resignation of Chris Beare from the role, and coincides with FlexiGroup non-executive director Anne Ward’s decision to step down from the company’s board.

Announcing his departure, Mr Beare said FlexiGroup is in “good shape with a solid, cohesive management team”.

“The last few years have seen systems rebuilt, acquisitions well integrated and the company is very well positioned to continue to be a major player in sales finance across Australia and New Zealand as buying patterns continually evolve in the digital space,” he said.

Mr Abercrombie thanked Mr Beare and Ms Ward for their contribution to the board and their efforts in helping steer the growth for FlexiGroup.

“Chris has been a strong chairman and has provided tremendous leadership since his appointment. Likewise, Anne has provided strong insights and a valuable contribution to the board,” he said.

“I have been on the board since inception and have watched FlexiGroup grow into a diversified financial services firm with strong cash-generating businesses, and I am firmly supportive of the company’s strategy.”

FlexiGroup – which provides various financial services including leasing, vendor finance, credit cards, and lay-by payment options – is currently searching for a new CEO, with chief financial officer David Stevens and chief operating officer Peter Lirantzis appointed as acting CEOs for the interim.

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