MISSISSAUGA, ON, July 4, 2024
/CNW/ - goeasy Ltd. (TSX: GSY), ("goeasy" or
the "Company"), one of Canada's leading consumer lenders focused on
delivering a full suite of financial services to Canadians with
non-prime credit, announced today a leadership transition plan, as
Jason Mullins will transition out of
his role as President & Chief Executive Officer at year-end,
and will remain as a Director on the Board.
After 14 years with the Company and nearly 6 years in his
current role, Jason Mullins has
informed the Board of Directors of his decision to step down from
the position of President & Chief Executive Officer and will
continue to serve as a Director on the Board, providing the Company
with continuity and support for the future. Mr. Mullins will remain
CEO until the end of the year, ensuring a smooth leadership
transition. Alongside the Board, he will participate in the
selection of a successor and will collaborate with the new leader
during a transition period.
"On behalf of the Board, I wish to thank Jason for the
significant achievements and industry leading results he has
achieved during his tenure," said David
Ingram, Executive Chairman of the Board for goeasy, "We are
delighted to have him continue on the Board. Similar to when I
transitioned from the CEO to a Board role, this model provides the
Company with continuity of knowledge and expertise, along with
support for the recruitment and transition to a new leader. The
company is in the strongest position it has ever been in and
remains poised to continue our 20+ year-track record of delivering
industry leading performance. We look forward to working with Jason
on the selection of a successor that, under the Board's guidance,
will bring new experiences and perspective to lead goeasy through
the next stage of our ambitious growth and expansion," Mr. Ingram
concluded, "With the benefit of preserving institutional knowledge,
while adding new talent to our strong and experienced management
team, we remain well positioned to become Canada's leading provider of non-prime
consumer credit."
Over the past 20 years, goeasy has transformed into one of
Canada's premier non-bank
financial services institutions, with the consumer loan portfolio
scaling to over $4 billion. Today the
Company has a strong foundation, including a high performing
leadership team, award winning culture, over $1 billion in funding capacity, and over 2,500
team members who have worked tirelessly to serve over 1.4 million
Canadians.
"It has been a tremendous privilege to lead goeasy as CEO since
being appointed to succeed David in 2018," said Jason Mullins, goeasy's President & Chief
Executive Officer, "During my 14-year tenure with the Company, I
have worked with some of the most talented and inspiring people of
my career. With the business performing at a high level, and poised
for significant growth in the years ahead, we welcome the addition
of a new leader that will continue to deliver record performance. I
look forward to leading the company through the balance of year,
while supporting the transition to a new leader, and remaining as a
Director on the Board to support the Company into the future."
About goeasy
goeasy Ltd. is a Canadian company, headquartered
in Mississauga, Ontario, that
provides non-prime leasing and lending services through its
easyhome, easyfinancial and LendCare brands. Supported by over
2,500 employees, the Company offers a wide variety of financial
products and services including unsecured and secured instalment
loans, merchant financing through a variety of verticals and
lease-to-own merchandise. Customers can transact seamlessly through
an omnichannel model that includes online and mobile platforms,
over 400 locations across Canada, and point-of-sale financing
offered in the retail, powersports, automotive, home improvement
and healthcare verticals, through over 10,000 merchant partners
across Canada. Throughout the
Company's history, it has acquired and organically served
approximately 1.4 million Canadians and originated over
$13.5 billion in loans.
Accredited by the Better Business Bureau, goeasy is the proud
recipient of several awards in recognition of its exceptional
culture and continued business growth including 2024 Best
Workplaces™ in Financial Services & Insurance, Waterstone
Canada's Most Admired Corporate Cultures, ranking on the 2022
Report on Business Women Lead Here executive gender diversity
benchmark, placing on the Report on Business ranking of
Canada's Top Growing Companies,
ranking on the TSX30, Greater Toronto Top Employers Award and has
been certified as a Great Place to Work®. The Company is
represented by a diverse group of team members from over 78
nationalities who believe strongly in giving back to communities in
which it operates. To date, goeasy has raised and donated over
$5.6 million to support its
long-standing partnerships with BGC Canada and many other local
charities. In 2023, the Company announced a 3-year, $1.4 million commitment to BGC Canada's Food
Fund.
goeasy Ltd.'s. common shares are listed on the TSX under the
trading symbol "GSY". goeasy is rated BB- with a stable trend from
S&P and Ba3 with a stable trend from Moody's.
For more information about goeasy and our business units,
visit www.goeasy.com, www.easyfinancial.com,
www.lendcare.ca, www.easyhome.ca.
For further information contact:
Jason Mullins
President & Chief Executive Officer
(905) 272-2788
Farhan Ali Khan
Senior Vice President, Chief Corporate Development Officer
(905) 272-2788
SOURCE goeasy Ltd