ASA International Group PLC CEO succession (9120Q)
24 Febrero 2023 - 1:00AM
UK Regulatory
TIDMASAI
RNS Number : 9120Q
ASA International Group PLC
24 February 2023
Press Release
ASA International Group plc announces CEO succession
Amsterdam, 24 February 2023 - ASA International Group plc, ('ASA
International', the 'Company' or the 'Group'), one of the world's
largest international microfinance institutions, today announces
its CEO succession as from 15 June 2023.
Mr. Dirk Brouwer, Co-Founder and Chief Executive Officer ("CEO")
of ASA International Group plc ("ASA International" or the
"Company") informed the Board of his desire to step aside as CEO of
ASA International for personal reasons after having founded and
managed the Company, for the most part together with the Company's
former Chairman, Md. Shafiqual Haque Choudhury, since 2007.
The Board has therefore approved the following succession plan.
Mr. Brouwer will remain as CEO until the Annual General Meeting
("AGM") on Thursday 15th June, at which point Ms. Karin Kersten,
currently Executive Director, Corporate Development, will be
appointed CEO. Ms. Kersten joined ASA International from ABN AMRO
Bank in October 2021 and became an Executive Director in April
2022, and in the Board's view is well qualified to lead the Group
going forward.
At the same AGM, Mr. Brouwer will step into a new role. He will
be appointed as (i) Deputy Chairman of the Board of ASA
International and (ii) Special Adviser to the new CEO, the
Executive Committee and the broader management team in order to (a)
smoothen the path of transition and (b) support the new leadership
going forward. In this capacity the Board fully expects Mr. Brouwer
to continue to make a significant contribution to the strategic and
operational development of the business for the foreseeable
future.
Dirk Brouwer, Chief Executive Officer, comments:
"After having run ASA International, for the most part together
with Shafiq, for more than 15 years, I am very pleased that we have
found in Karin a formidable successor to take over the baton as the
first female CEO of our company. Karin and I have worked closely
together over the last 1 1/2 years, and I am very confident that
she will be able to successfully lead the Company going forward in
an increasingly more digital world."
Karin Kersten, Executive Director, Corporate Development,
comments:
"I am honored and excited to have received the confidence of
Dirk and the Board to assume the role of Chief Executive Officer of
this great company. Together with all ASA International colleagues,
I will build on the Company's legacy, with its powerful 'ASA
Model', and continue to focus on further increasing financial
inclusion of female micro-entrepreneurs across Asia and
Africa."
Guy Dawson, Chairman of the Board, comments:
"The Board of Directors is confident that Karin is going to be
an excellent successor, who will be able to further strengthen and
expand the Company going forward."
This announcement contains information that qualified or may
have qualified as inside information and is disclosed in accordance
with the Market Abuse Regulation (EU) 596/2014 (as it applies in
the UK pursuant to the European Union (Withdrawal) Act 2018)
("MAR").
Enquiries:
ASA International Group plc
Investor Relations
Mischa Assink ir @asa-international.com
About ASA International Group plc
ASA International Group plc (ASAI: LN) is one of the world's
largest international microfinance institutions, with a strong
commitment to financial inclusion and socioeconomic progress. The
company provides small, socially responsible loans to low-income,
financially underserved entrepreneurs, predominantly women, across
South Asia, South East Asia, West and East Africa.
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END
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