Colin was CEO of the specialist lender.
Effective immediately Colin Shave, previously CEO of First National Home Lending, will assume overall responsibility for the igroup and First national brand businesses, and will lead the senior management team – announced on January 15th – to provide strategic leadership for both brands in the marketplace.
From now until the end of August 2004, Colin Sanders will transition to Colin Shave and assist with business development opportunities. He will also continue to be associated with the business in a consultative capacity after his departure on 30th August 2004.
Colin Sanders has worked in the mortgage and finance industry for over 15 years. He was one of the founder members of igroup before taking over as CEO in 2001.
Colin Shave joined GE in 1976 and has held a number of senior positions in its financial services businesses. He was appointed CEO First National Home Lending in 2003.
Dan O’Connor, President & CEO GE Consumer Finance Europe said, “On behalf of all his colleagues at igroup and GE, I would like to thank Colin Sanders for his significant contribution to the business over the years. I would particularly like to thank him for his energy, enthusiasm and vision in making igroup a highly successful GE company. In Colin Shave we have a leader capable of building on this great work. More recently, both have worked closely together to give the igroup and First National brands strategic alignment and direction. We’re sorry to see him go, but I’m delighted Colin is remaining with us as a consultant, and would like to wish him the very best in the future.”
