Resignation of our CEO

It is with much sadness that I announce that Adam Mooney has decided to resign his position as Chief Executive Officer.

As the inaugural CEO, Adam established Good Shepherd Microfinance’s ‘Count Me In’ strategic plan, which has provided a clear and compelling vision for the organisation. The Board acknowledges that Adam has exceeded the aspirational targets that were set in this plan, including our goal to reach one million people, and improving the lives of large numbers of women, girls and men on low incomes.

In his almost seven years as CEO, Adam has significantly grown the revenue of the organisation from $8 million to more than $21 million in 2017-18. This additional funding base has enabled Good Shepherd Microfinance to grow from NILS, StepUP and AddsUP to more than 10 innovative programs that are supporting the millions of people who are financially excluded in Australia.

Adam has been instrumental in bringing together governments, corporates and others to collaborate, to invest and to take real action to improve financial inclusion and resilience in Australia. He has also been a leading advocate in the media, shining a light on predatory practices of the finance sector that negatively impact consumers on low incomes, highlighting positive alternatives in reform and programs.

With our five-year strategic plan coming to an end, Adam has decided to spend more time with his family and to consider new opportunities for the next chapter of his career.

On a personal note, I would like to say that Adam has been one of the most innovative and pioneering CEOs that I have ever had the privilege of working with. His energy and positivity are contagious and I’m sure many of you have been inspired by his relentless focus and dedication to this important work.

Resignation of our GM – Innovation & Marketing

Our General Manager of Innovation and Marketing, Renee Hancock, has also accepted a new role as the Director of Communications for the newly merged YWCA Australia. Renee is continuing her passion for women’s equality and social justice and is excited to be working for an organisation focused on creating a future where women and girls are equal, safe and respected.

Over the past five years, Renee has made an enormous contribution to building the profile of Good Shepherd Microfinance positioning the organisation as the national voice for women on low incomes who are excluded from mainstream finance. Renee’s positive leadership and collaborative relational way of working has also been integral to the success of our new emerging programs in microenterprise and insurance. Renee will finish on 17 August and we wish her all the best for the future.

Acting CEO arrangements

As Chair of the Board, I have appointed our General Manager of Business and Organisational Development, Peter McNamara, as Acting CEO from Monday 6 August. Peter has had a long career with Good Shepherd Microfinance and has a strong knowledge across the breadth of our programs. Peter brings strong people leadership skills and a community focus to this role. Adam will also be available to support the transition until the end of August.

I am confident that Good Shepherd Microfinance is in a very strong position for future growth. Thank you to our great team, supporters and funders for being part of this journey and for their role in helping us to work towards our purpose to enable clients, especially women, to achieve their financial well-being through access to programs that are safe, affordable and appropriate to their needs.

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