Powered by MOMENTUM MEDIA
the adviser logo
Lender

Wisr non-executive to retire from board

by Sam Nichols5 minute read

A non-executive director with the lender has confirmed that they will not be seeking re-election, stepping down from the board from next month. 

Christopher Whitehead, a Wisr non-executive director, has resigned from his position, effective from 24 November following the conclusion of the non-bank lender’s next annual general meeting (AGM).  

To continue reading the rest of this article, create a free account
Already have an account? Sign in

According to a statement by Wisr, Mr Whitehead will not be seeking re-election in order to allow for board renewal. 

His tenure and additional business interests are also said to be contributing factors to his decision. 

Advertisement
Advertisement

Mr Whitehead was first appointed to the Wisr board of directors on 18 September 2015. 

He is also currently the managing director and chief executive of the Financial Services Institute of Australasia (FINSIA), and was formerly the CEO of Credit Union Australia, the regional director, Scotland west at Bank of Scotland, as well as the CEO retail banking at Bankwest.

Mr Whitehead also previously served as a non-executive director for FundX, Cuscal Limited and St Andrews Insurance Australia. 

Wisr has stated that it is currently progressing recruitment for additional appointments, which will be announced in the near-term, and that executive chairman John Nantes, due to Mr Whitehead not standing, will be seeking re-election at the lender’s next AGM. 

The recently appointed non-executive director Matt Brown is also expected to stand for reelection. 

Mr Nantes said on Mr Whitehead’s planned departure that the non-executive has, during his tenure on the board, “worked tirelessly to support the company across the key areas of strategy and governance”. 

The executive chairman added that, during Mr Whitehead’s time, Wisr’s market capitalisation “has grown over 10-fold”. 

“Chris has demonstrated an unwavering commitment to delivering outstanding outcomes on behalf of our stakeholders and customers and will leave Wisr in a position of great strength,” Mr Nantes said.  

“We wish him further success in his non-executive director career.” 

Mr Whitehead said: “I am very proud to have served Wisr shareholders for more than six highly successful and most enjoyable years and I would like to thank my fellow board members for their support.

“Wisr has benefitted from a stable, experienced and lean board for the last six years. It is now moving into a new phase of its development. 

“I am a strong believer in regular board renewal, and it is the right time to bring in new thinking and new experience as the company grows into a profitable company of significant scale and impact in the Australian consumer finance market.” 

[Related: Vocus founder to join NAB board]

Wisr non-executive to retire from board
boardroom
TheAdviser logo
boardroom

Sam Nichols

Sam Nichols

AUTHOR

Sam Nichols is a journalist at The Adviser and Mortgage Business. His reporting has featured in a range of outlets including ABC News, SBS' The Feed, and VICE.

JOIN THE DISCUSSION

You need to be a member to post comments. Register for free today

MORE FROM THE ADVISER

Anja Pannek CEO PLAN

Anja Pannek named MFAA CEO

The board of the Mortgage & Finance Association of Australia (MFAA) has confirmed that Anja Pannek will be the...

READ MORE
mike felton mfaa ta jdayl5

Aggregator heads reflect on Mike Felton’s legacy

Following on the news that Mike Felton is to retire next month and step down as chief executive of the Mortgage &...

READ MORE
melanie kiely afg ta mzh8zm

AFG non-executive director steps down from board

Australian Finance Group Ltd (AFG) has advised that Melanie Kiely will be stepping down from the AFG board to...

READ MORE
magazine
Read the latest issue of The Adviser magazine!
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
Read more