The Mortgage and Finance Association of Australia (MFAA
) has announced the resignation of Siobhan Hayden as its chief executive officer.
The association’s board has accepted Hayden’s resignation effective immediately, telling Australian Broker
the decision was based on “strategic differences” between the board and the CEO. Hayden was appointed as CEO to replace long-time CEO Phil Naylor in October 2014.
Hayden has thanked the board for the opportunity, and thanked the members “who are the lifeblood of this organisation”.
“I’m proud of what I’ve achieved in the role and think the mortgage broking industry is well positioned into the future,” she said.
has told Australian Broker
the association will commence a search both internally and externally for a replacement CEO once the board has defined what they are looking for. The process will be a thorough and lengthy one, with a new replacement not expected to be announced until the end of the year.
In the interim, the management of the association will be guided by the chief operations officer, Evan Thomas; the head of finance and HR, Stephen Bisgrove; and the head of marketing and communications, Stephen Hale. The group will continue to implement the framework set by the board in February 2016.