"Stu's appointment is part of the continuing maturing of the governance approach in the organisation"
Mr Myles brings to the Board a strong governance mindset which has been critical in creating and driving the company's strategic plan. With a focus on governance and the associated workload, Mr Darrow says he has been impressed with the commitment of the Board to governing the strategy implementation.
"MTF Finance is in a significant growth phase as we launch new products, re-energise existing channels, and launch new partnerships," says Mr Myles. "It is an exciting time to play a leading governance role, and I look forward to working even more closely with Mark, the rest of the Board and management."
Mr Myles has been on the MTF Finance Board as a shareholder representative since 2020 as owner-operator of MTF Finance Carlton Corner in Christchurch. Currently, he is Board Chair of Nova Trust and a Chartered Member of the Institute of Directors (CMInstD) – positions which speak to experiences gained over his 30-year history in the New Zealand financial industry.
Stu Myles, Deputy Chair of MTF Finance
For further information contact:
Chris Lamers
CEO
MTF Finance
027 4555 601
About MTF Finance
Established in 1970 as a way for motor vehicle dealers to write loans for their customers, MTF Finance is a Dunedin success story specialising in the finance of vehicles and business equipment. MTF Finance now has assets of $845m, is wholly New Zealand owned and operated, with 51 independent franchise offices operating from Whangarei to Invercargill, as well as a solid nationwide base of vehicle dealer originators.
First listed on the NZDX in 1994, MTF Finance has a well-established brand and reputation both as a supplier of finance and as a capital markets issuer, regularly issuing medium-term notes to institutional investors in New Zealand and Australia.
