Franchise CEO departs following widespread rumours

by Mackenzie McCarty15 Apr 2013

Following rumours of his departure, Stephen Porges has resigned his role as CEO of Aussie Home Loans in order to ‘pursue other interests’, according to an official statement released today.  

Executive Chairman, John Symond, says he would like to thank Porges for his contribution to the aggregator’s success and wishes him well in his future endeavours.

A CBA spokesperson says that, as of this morning, the major lender was unable to confirm or deny the resignation, stating that ‘Aussie is a separate company’, though the spokesperson says he had heard ‘some rumours’ prior to this morning’s official announcement.

Aussie spokesperson, Tim Allerton, says the franchise brokerage will be appointing a new CEO ‘in due course’ and that Porges has been with the company since 2008 and guided it through ‘a number of important acquisitions,’ but was unable to offer further comment.