Heartland Group (ASX:HGH) has appointed Andrew Dixson as CEO, subject to the Reserve Bank of New Zealand's non-objection, effective from Oct. 1.
This follows the earlier announcement by current CEO Jeff Greenslade of his intention to step down by the end of the year.
Greenslade will officially retire from his role and all directorships at Heartland on Sept. 30.
Dixson, who has been with Heartland since 2010 and currently serves as Group CFO, will step into the CEO role and also join as a non-independent non-executive director of Heartland Bank.
Heartland's Chair, Greg Tomlinson commented, "The board is confident in Andrew's ability to lead Heartland in the next stage of its journey. This next stage will be focused on capital allocation and an improved return on equity, of which Andrew has proven his leadership in shaping Heartland's funding strategy in both countries and through his involvement in complex structured finance transactions and a number of successful material capital raises."
Chris Flood, currently Deputy Group CEO, will finish with Heartland on Oct. 31.
Flood joined Heartland through a predecessor entity in 1997 and has been integral in developing various divisions, including motor finance and reverse mortgage businesses, as well as overseeing numerous strategic acquisitions.
"The board would like to express our sincere thanks to Chris for his service to Heartland and acknowledge the value he has created for our shareholders. We wish him all the best in his next endeavours," added Greg Tomlinson.