Briefs: Latitude chair extends term, new Genworth director, Cash Converters buys NZ business
Latitude Group chair Mike Tilley has extended his term until the end of 2023. Tilley announced in April that he would retire next April but has extended his term to ensure a smooth transition to a new chief executive, following the resignation of Ahmed Fahour. A search is underway for Fahour’s successor.
Experienced financial services company director Leona Murphy has joined the board of Genworth Mortgage Insurance Australia as an independent non-executive director. Murphy is currently a director of Liberty Financial Group and deputy chair of Royal Automobile Club of Queensland.
Cash Converters has entered into an agreement to acquire the Cash Converters New Zealand Master Franchisor. The company has a 25 per cent interest in the NZ business and will acquire the remaining 75 per cent for $15.5 million. Cash Converters has been operating in NZ since 1993 and has 22 stores.