SYDNEY, AUSTRALIA: ARMA Group Holdings’ CEO and co-founder Andrew Smith has been appointed as Credit Clear Limited Chief Executive Officer (CEO).
Previous CEO, David Hentschke, will take up the new role of MD International and Technology.
Credit Clear Limited (ASX: CCR), the leading digital receivables management provider, is pleased to announce that the acquisition of ARMA Group Holdings is now complete. The group priority will now be cross- and up-selling the Credit Clear digital platforms to ARMA’s existing clients as well as continued new client growth. As a result of the acquisition, Credit Clear has made two key management appointments.
The Board of Credit Clear is confident that this change will drive the continued business growth with Andrew responsible primarily to deliver digitisation across existing and new clients. David will continue to be responsible for the internationalisation of Credit Clear’s activities firstly in South Africa, the United Kingdom and the USA.
David will also continue to oversee the further development of the award winning, artificial intelligence driven technology platform together with Chief Product and Technology Officer Jason Serafino, who will have direct responsibility for the Group’s technology and product research, development, and deployment.
Gerd Schenkel, Credit Clear Chair, said: “It gives me great pleasure to formally welcome ARMA to the Credit Clear Group. Andrew and his team have shown great expertise and determination in building a fast growing and profitable Australian business.
Under Andrew’s leadership we can deliver significant growth for Credit Clear in Australia. In parallel, the Board thank David for his leadership and the tremendous milestones the Company has achieved under his direction, including the completion of the ARMA acquisition, significant progress in international markets and further validation of our technology.”
Andrew Smith, Credit Clear CEO, said: “I’d like to thank the Board of Credit Clear for this opportunity to lead the business through what is set to be a period of tremendous growth.
The market in Australia is considerable in size, and the feedback so far is that companies are eager to work with Credit Clear to uplift and enhance the way they interact with customers and the performance of their collections. Add in the international opportunity and future technology development, and Credit Clear is exceptionally well placed to pursue a significant revenue opportunity.”
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