Cardiff-based Hodge, the group of companies which includes Hodge Bank and Hodge Lifetime, has announced that David Austin is to retire from the group. The exact date of David’s retirement will depend upon the timing of the appointment of his successor and the wish to ensure that a smooth handover can take place.
David has been a great ambassador for Hodge for the best part of 28 years, first as Finance Director, and for the last 20 years as Managing Director. In that time Hodge has grown significantly, increasing its assets from £70m in 1990 to £1,846 million today.
Commenting on his retirement, David Austin said:
“The past 27 years at Hodge have been immensely rewarding. I’m delighted to say Hodge is stronger than ever and I’m proud that the business supports thousands of customers every day across various businesses. Through the work of the Hodge Foundation, the impact of Hodge’s success has been shared with many charities supporting a variety of causes. I’m confident Hodge will continue to flourish and I will be working with the Board to ensure a smooth handover to my successor”.
Adrian Piper, Chairman of Hodge said:
“Working alongside David as Managing Director has been a privilege. His experience and knowledge of the group has been invaluable to me personally, and to the Board. David is widely respected across the organisation and has been instrumental in building Hodge to be the strong and successful business it is today. We wish David well in his upcoming retirement, but will continue to benefit from his leadership until his successor is appointed and handover complete.”
The Board has engaged Odgers Berndtson to support the search for a new CEO. Whilst the search is ongoing, it is business as usual for Hodge, continuing to offer great products and services to both existing and new customers across its key markets of commercial lending, lending into retirement and savings.