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  • Financial service provider, Thorn Group has appointed Peter Lirantzis as the new CEO
  • Peter will begin his role February 2020 or earlier by agreement
  • The current CEO, Tim Luce, will work with the Board for a smooth transition
  • On market close, Thorn Group is up 1.82 per cent and is selling shares at 28¢ apiece

Thorn Group has appointed Peter Lirantzis as the new Chief Executive Officer of the Thorn Group.

The appointment will be effective on February 10, 2020, or earlier by agreement.

Peter will lead the consumer and commercial leasing and financing specialist through a revitalisation in 2020.

He brings leadership experience to the role from the banking, finance and insurance sectors, and has a proven track record in business transformation and strategic re-focus.

Previously, Peter worked at the FlexiGroup where he was Chief Operating Officer and acting Co-CEO. He was responsible for the implementation of multiple mergers and acquisitions, growth opportunities, corporate culture and instilled group confidence.

Peter believes Thorn provides critical financing products that enable individuals and businesses to achieve their goals.

“I am looking forward to leading the team to continue to improve the ways, in which we help our customers, meet their financing needs,” he said.

“and ensuring that the organisation, is well positioned to leverage its embedded strengths and take advantage of emerging opportunities,” Peter added

Thorn Group Interim Chair, Warren Mcleland said the search sourced a wide variety of highly talented and experienced candidates and he is excited to have Peter join the team

“We have a big challenge to ensure Thorn Group is not just restored to profitability as early as possible but the task facing us is to transform Thorn, to build a sustainable business restoring our historical relevance in the 21st century,” Warren said.

“This will require digitising the business from end to end. Peter’s core competence is his ability to re-engineer our operation using automation for example, as a lead enabler to create an enduring low cost organisation with a powerful competitive advantage,” he added.

Thorn says its Board of Directors has congratulated Peter on his appointment and looks forward to working with him.

The current CEO, Tim Luce, will work with the Board and the incoming CEO to enable a smooth transition.

On market close, Thorn Group is up 1.82 per cent and is selling shares at 28¢ apiece.

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