Aitsi leaving Credit Corp

CREDIT Corporation PNG chief executive officer (CEO) Peter Aitsi has informed the board he will not seek to renew his contract at the end of its term and will leave the group next month.
Aitsi has been the CEO for three years.
The board appointed chief operating officer Danny Robinson to act as CEO until a new one was found.
Robinson is a highly experienced banking industry executive, having taken up the Credit Corporation role last May.
Credit Corporation chairman Syd Yates said: “Robinson and his experienced senior executive team will work very capably with the board to manage the transition to a new permanent CEO.
“Aitsi has demonstrated leadership and energy during his time at Credit Corporation.
“He hands over a stronger team and core business operations well-positioned for future opportunities.
“On behalf of the board, I want to express our sincere appreciation to Aitsi.
“Credit Corporation has delivered significant progress on its strategic objectives under his leadership, despite the challenging times we have encountered,” Yates said.
Aitsi said he had reached a natural transition point in his career and had decided to move on to new opportunities.
“It’s been a privilege to lead the experienced and talented team at Credit Corporation over the past three years,”Aitsi said.
“I’m immensely proud of them and what we have achieved together and I know they’ll continue to do great work in PNG and the Pacific.”
Yates said Aitsi had laid strong foundations during his term as CEO, enabling Credit Corporation to launch its recovery from the economic impacts of the Covid-19 pandemic.