Ahmed Fahour will retire from Latitude in 2023

Latitude Group chief executive Ahmed Fahour said he would be retiring from the consumer finance group within about a year and said it was the right time for the company to prepare for a leadership change.

Fahour, who joined Latitude in 2018 when it was unlisted, announced on Friday that he would be retiring from the company by the end of August 2023.

Ahmed Fahour is retiring from Latitude next August.

Ahmed Fahour is retiring from Latitude next August.Recognition:Elke Meizel

“While this is a difficult decision after four years as CEO, now is the right time to prepare for my departure next year and to assist the board in planning my succession as chief executive,” he said as the company announced the announcement financial results released.

“It has been a privilege to serve as CEO of Latitude and I am incredibly proud of everything the company has accomplished.

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“As I focus on leading Latitude until my departure next year, I look forward to preparing for the next phase of my career and taking the opportunity to increase my contribution to the community,” he said.

Fahour, a former head of Australia Post and before that an executive at National Australia Bank, has led the company at a time of great change in the consumer finance sector, disrupted by buy-now-pay-later products and other technological changes.

Latitude, which was previously GE Money and was owned by private equity, gave up two separate float attempts before joining the ASX last year.

There’s more to come

https://www.smh.com.au/business/banking-and-finance/ahmed-fahour-retiring-from-latitude-in-2023-20220819-p5bb4z.html?ref=rss&utm_medium=rss&utm_source=rss_business Ahmed Fahour will retire from Latitude in 2023

Brian Lowry

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