Flexi Cards CEO To Leave Next Month

FLEXI CARDS_Primary 4 colour
30 March 2017
News release

Flexi Cards CEO To Leave Next Month

Greg Shepherd, Chief Executive of Flexi Cards, has announced his resignation, effective from mid-April. He has been CEO of the company, previously known as Fisher & Paykel Finance, for four years and with the business more than 12 years.

“When Flexi Cards took over the business in early 2016, I made a commitment to stay for at least a year to see through the integration and transition,” he says. “We are now past the first anniversary so this is the natural juncture for me to hand over the reins to someone else.”

As well as combining some systems and operations, decoupling from the Appliances business and renaming and branding the company from Fisher & Paykel to part of Flexi Group, Shepherd delivered the new partnership with MasterCard and the launch of two innovative and new products - Q MasterCard and Flight Centre MasterCard.

“I am incredibly proud of what has been achieved and the transformation that has occurred in the business in recent years. It is in a great position to leverage its new competencies and take advantage of a rapidly changing and dynamic sector.”

Shepherd has been working with the Board to manage a smooth handover and thanked the Chairman of Flexi Cards Ltd, Carlos da Silva, for his support and guidance over the past four years in particular, during a period of significant transformation and change.

For his part, da Silva says: “Greg is only the second CEO in the finance group’s history and has made a significant contribution, leaving behind a transformed organisation. Greg has led us through two significant developments - the scheme platform and the sale to Flexi Group. The Board thanks Greg for his contribution and leadership during the past four years and wishes him well for the next stage in his career.”

Shepherd (46) says he is looking to develop a portfolio career and is considering opportunities to leverage his passion in strategy formulation, business transformation, change management and culture/ leadership development combined with possible directorships. He is in the final stages of completing a Global CEO Programme facilitated through CEIBS (Shanghai), Wharton Business School (University of Pennsylvania) and the IESE Business School (University of Navarra in Barcelona).

Before joining Fisher & Paykel Finance in 2005, Shepherd’s career spanned Bank of New Zealand, Westpac and NZX as an equities & fixed interest dealer.

Flexi Cards is part of FlexiGroup NZ, a wholly-owned subsidiary of ASX-listed Flexi Group, Australasia’s leading provider of financial solutions for lifestyle, home and business.

www.flexicards.co.nz

ENDS

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