Mortgage Choice announced today that its managing director, Paul Lahiff, has resigned after six years in the role. Mr Lahiff will however continue in his leadership role as the company transitions to a new CEO.

Mortgage Choice chairman, Peter Ritchie said, “With Paul’s resignation it is an appropriate time for the Board to advise the market of its intention to commence the transition of leadership to a new CEO who can take Mortgage Choice to the next phase of its development”.

Mr Lahiff said, “I am very proud of what Mortgage Choice has achieved since 2003, including the listing of the company on the Australian Stock Exchange plus continued growth and profitability through a number of challenging periods in the housing finance market.”

“The Mortgage Choice business model is well placed to meet future challenges, given the strength of its brand and business model.”

On behalf of the Board, Mr Ritchie thanked Mr Lahiff for his contribution to the company.

“I would like to acknowledge the enormous contribution Paul has made during his tenure as managing director and wish him well in all future endeavours. As a result of his leadership and direction, Mortgage Choice is, in every respect, immeasurably stronger,” he said.

“The company will retain external assistance to recruit its new CEO and the Board is confident of attracting a strong field of candidates for the role.

“Moving forward, it is business as usual for Mortgage Choice as the transition phase commences. We look ahead to a bright future, one in which we are well positioned to take advantage of numerous opportunities thanks to our robust business model, our strong brand, healthy geographic spread, and industry leading productivity”.

Visit the Mortgage Choice website at www.mortgagechoice.com.au or call the customer service centre on 13 MORTGAGE.