Mascot Finance: Senior appointments announced

January 30 2007

Senior appointments announced

Dean Snelling has been appointed to the position of Chief Executive Officer for South Island based Mascot Finance. He replaces Brennan Nelson, who has resigned for personal and health reasons.

Prior to joining the company, Dean worked at a senior level for 25 years in large companies and institutions as either the Chief Financial Officer or as Deputy Chief Executive. The industry sectors in which he has been involved include: manufacturing, construction, wool trading, trust and tertiary education. Dean will oversee the strategic direction and operational performance of the company.

As well, John Grant has been appointed as Head of Lending. Previously, John held senior positions in property finance with BNZ and ANZ. He has also been a senior executive with BNZ Finance Limited. John will be responsible for development of Mascot’s lending business.

ENDS

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