lecimac group (ASX:RMC) announced that Pete Lillantzis will become chief executive officer in the first half of 2025, replacing interim CEO Susan Hansen.

Mr. Lilantzis, who currently serves as Chief Strategy, Product and Operations Officer, joined Recimac earlier this year and is recognized for his contributions to digital transformation and strategic growth initiatives. Recimac Chairman Wayne Spanner highlighted Lilantzis’ focus on brokerage, customer care and operational solutions, making him the right person to lead the company’s diversification and expansion in mortgage and asset finance. emphasized.

Interim CEO Susan Hansen expressed confidence in Mr. Lilantzis, citing his alignment with the board’s strategic vision, and added that Mr. Lilantzis has a sustainable leadership position. The company is committed to prioritizing growth, competitive products and operational efficiency.

Lilantzis’ compensation includes a fixed salary starting at $650,000, increasing to $700,000 mid-year, as well as short- and long-term incentive plans tied to performance metrics and sustained financial results. It will be done.

Resimac is a leading non-bank lender specializing in conforming and non-conforming mortgage and asset finance products with more than $14 billion in assets under management. The company has operations in Australia, New Zealand and the Philippines, serving more than 55,000 customers.

The company’s shares closed 3.23% higher at 93 cents.