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Pioneer Credit (ASX:PNC) - Chairman, Michael Smith - The Market Herald
Chairman, Michael Smith
Source: Pioneer Credit
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  • Pioneer Credit (PNC) appoints Barry Hartnett Chief Financial Officer (CFO) following the resignation of Jason Musca
  • Previously Chief Development Officer, Barry has been with Pioneer since 2013, and he has been responsible for the strategy of the company
  • Pioneer also appoints Stephen Targett as Independent Non-Executive Director, replacing Ann Robinson who resigned
  • Stephen is the Chair of P&N Bank and previously worked at ANZ, National Australia Bank and RACQ Bank
  • Pioneer has ended the day 5.45 per cent in the red with shares trading at 52 cents

Pioneer Credit (PNC) has appointed Barry Hartnett Chief Financial Officer (CFO) following the resignation of Jason Musca.

Previously Chief Development Officer, Barry has been with Pioneer since 2013 and he has been responsible for the strategy of the company.

He has led Pioneer's underwriting activities and advanced the company's data analytics to optimise customer outcomes and increase liquidations performance.

"Barry is an outstanding finance executive and has added substantial value across the company's operations. Stepping into this key role is a natural step for the very impressive leader," Chairman Michael Smith said.

Pioneer has also appointed Stephen Targett as Independent Non-Executive Director, replacing Ann Robinson who resigned.

Stephen is currently the Chair of P&N Bank and was previously Chair of BCU and CEO of RACQ Bank.

Prior to this he led National Australia Bank's European services, ANZ's institutional bank and Lloyd's Banking Group's wholesale and international division.

"The strengthening of our board through the appointment of Stephen is a great outcome as we position Pioneer as a vendor's first choice to support customers as they rehabilitate out of financial difficulty," Mr Smith continued.

"Stephen's extensive financial services experience will enhance the company's capital management, reinforce relationships with vendors and assist in product development."

Pioneer hopes these appointments will drive the next phase of growth for the company.

Pioneer has ended the day 5.45 per cent in the red with shares trading at 52 cents in a $37.36 million market cap.

PNC by the numbers
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