- Credit Clear (CCR) makes multiple changes to its board, appointing CEO Andrew Smith as Managing Director and Paul Dwyer as Chairman
- The company also confirms Hugh Robertson will remain as Non-Executive Director
- CCR says Mr Smith’s appointment follows a strong performance as CEO and Executive Director over the course of the last 12 months
- Credit Clear says Mr Dwyer brings with him extensive knowledge and a network within the insurance industry, while Mr Robertson has been instrumental in building and transitioning the business
- Shares in CCR are down 4 per cent and trading at 36 cents at 12:53 pm AEDT
Australian fintech Credit Clear (CCR) has swung multiple changes to its board, appointing Paul Dwyer and Andrew Smith as Chairman of the Board and Managing Director, respectively.
Additionally, the company confirmed Hugh Robertson would remain as Non-Executive Director.
Credit Clear said Mr Dwyer’s extensive knowledge and network within the insurance industry as a result of the co-founding of PSC Insurance (PSI) was well-aligned with its strategic growth objectives.
Mr Robertson joined the Credit Clear Board in September 2021, playing an “instrumental” role in building and transitioning the business to what it has become today.
The company said it was pleased to retain his services, utilising his extensive experience in capital markets, business and a variety of boards, as well as an extensive investor network.
Finally, the company announced it had appointed CEO and major shareholder Andrew Smith as its Managing Director.
CCR said having previously served as CEO for ARMA, the business he co-founded that Credit Clear acquired in January 2022, Mr Smith had delivered a “strong” performance as CEO and Executive Director over the past twelve months, exceeding his earn-out performance threshold.
Mr Dwyer said the company would continue to look for ways to bolster its board over the course of 2023.
“We will look to further complement and diversify the skills and composition of the board through potential new appointments during the calendar year,” he said.
Both Mr Smith and Dwyer will assume their new roles as of March 1, 2023.
Shares in CCR were down 4 per cent and trading at 36 cents at 12:53 pm AEDT.