Positive Salary Packaging appoints new CEO

Simon Southwell has landed the role, beginning 2 September. He brings with him a wealth of experience, previously working in Loan Market Group’s (LMG) executive team and a leadership position in technology, innovation, and transformation at NAB.

Speaking on the announcement, Southwell is keen to bring his prior experience into the new position: “I am excited to lead PSP in scaling its operations and furthering its commitment to innovation in the salary packaging sector.

“Our goal is to provide businesses and employees with the best-in-class solutions that meet their unique needs, particularly in the fast-evolving landscape of electric vehicles. The close relationships we maintain with our clients and partners will be crucial in driving our growth and success.”

The organisation, specialising in salary packaging and novated leasing, aims to further drive innovation and expansion through this appointment.

“In just three years, the Positive Salary Packaging team has proven its commitment to helping customers explore more options to access new and used vehicles, including electric vehicles, which have surged in demand due to FBT exemptions,” said Southwell.

“Positive Salary Packaging has helped everyday workers navigate through their novated lease journeys amid a cost-of-living crisis, and positioned businesses as employers of choice in a competitive talent market. Salary packing is a thriving sector and I’m excited to build upon the exceptional work the Positive Salary Packaging team has already achieved in such a short time.”

PSP is partially owned by LMG Asset Finance. According to a statement from the company, Southwell will leverage his experience across both brands to create “greater synergies between Positive Salary Packaging and LMG businesses via the referral of novated lease opportunities for their clients.”

With the appointment of Southwell, the company reportedly has a board with 70 years of experience between them.

Chairperson Jennifer Ma recognised Southwell’s strength in supporting technological growth.

“Simon’s experience in technology and business transformation, coupled with his strong relationships, will be invaluable as we continue to grow. We’re excited to have him lead the charge towards more innovation and a client-centric future,” Ma said.

[Related: Heartland Bank names new CEO]

Jack Campbell is the editor of Broker Daily. After graduating from the University of Wollongong in 2022, Jack began his journalistic career working on Broker Daily’s sister brand, HR Leader. In August 2023 he was made the news editor and worked alongside some talented journalists writing articles and recording podcasts.

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