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Resimac Group has announced the resignation of Scott McWilliam from the role of CEO after a 21-year tenure with the company.
McWilliam was the CEO of Resimac for six years prior to being the joint CEO for three years on the heels of the non-bank lender’s merger with Homeloans Limited in 2016.
Resimac confirmed that it has been “mutually agreed” that McWilliam will take a period of leave before his employment contract ends on 1 September 2024.
Additionally, the lender has informed that it will commence a search imminently to find a permanent replacement CEO as non-executive director Susan Hansen will be appointed interim CEO in the meantime.
Hansen will commence with the role of interim CEO immediately, Resimac confirmed.
Chair of Resimac, Warren McLeland, acknowledged on behalf of the board the “significant contribution” McWilliam made to Resimac and previously Homeloans over his 21 years of service and wished him continued success in his future endeavours.
McWilliam said that he was proud of all that had been achieved at the non-bank lender during his time as CEO and thanked the Resimac board and his own executive team for their support.
He wished the organisation all the best for the future.
Speaking to Mortgage Business, managing partner of FirstPoint Mortgage Brokers, Troy Phillips, said: “I’ve known Scotty for over 20 years, and I’ve worked with him and dealt with him on the other side in broking at Resimac. He’s someone who’s a wonderful people manager, but he’s also strategically strong.
“He’s seen that business through the merger of Homeloans and the relisting of Resimac, [and] he stripped away some unprofitable business lines and sold them off. He’s also set up Resimac Asset Finance, which has been a really wonderful success.”
Commenting on his departure after 20 years, Phillips said that he thinks that McWilliam has “one more grand final left in him”.
“I think he’s a good operator. I think it’s probably good timing for him to move on and see what else is out there and use all the skills he’s learned and see if he can take it to the next level,” Phillips said.
Phillips further said that McWilliam has “always been a big proponent of the broker channel”.
“He’s always been someone who’s been close to taking calls for brokers, not many CEOs would do that, and he knows that industry inside and out,” Phillips said.
“He’ll be sadly missed by all the brokers, but we hope the company finds someone as good as Scotty to replace him and champion that.”
[RELATED: Resimac pulls out of NZ mortgage lending]
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